Binance may close access to its platform for users in Japan
Cryptocurrency exchange Binance may soon restrict users from Japan to access their platform. This is stated in a notice posted on Wednesday on the company’s support portal..
According to the text of the notice, the main trading platform of the exchange Binance.com will “gradually restrict trading functions” for residents of Japan “at a later date”.
Currently, all platform functions are still available to Japanese users. Details of the restrictions will be disclosed in a separate message..
Binance has previously taken a similar step for US users. In September, they lost access to the Binance.com platform, but a separate Binance.US platform was launched for them. As part of the American expansion, Binance entered into a partnership with the California-based company BAM Trading. Whether Binance will launch a separate exchange in Japan, unknown.
In March 2018, the Japanese Financial Services Agency issued a warning to Binance because it served local residents without the necessary registration in such cases. Binance CEO Changpeng Zhao then confirmed that he had received a message from the regulator and said that his company is in dialogue with the authorities..
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