Binance, the world’s biggest crypto exchange, is expanding its operation in Asia with its latest entrance in Japan. The platform has bought Sakura Exchange BitCoin, which is a Japanese crypto exchange that is regulated by the country’s Financial Services Agency (FSA).
This puts Binance on the list of countries that have some amount of regulatory authorization in these areas. Sakura Exchange BitCoin (SEBC) is based out of Tokyo. According to reports, the sum for which the exchange has bought SEBC remains undisclosed.
This is a positive move given how SEBC is a fully regulated entity in the Japanese market, as this would mean that Binance is also in the process of expanding its regulatory environment.
This can be considered a way of removing excessive regulatory pressure given how the platform has been under the eyes of regulatory bodies because of the decentralized nature of its operations and its vast digital presence across…
