Investing
Binance to reenter Japan via acquired regulated exchange SEBC
Crypto exchange Binance is set to reenter Japan after acquiring the regulated crypto exchange platform Sakura Exchange (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to reenter the Japanese crypto market.
According to a report published in a local daily, SEBC would terminate its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. The SEBC notice didn’t announce any official launch date.
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