Binance unlikely to enter Japan in 2020 after negotiations fail
A spokesperson for Tao Tao said it "could not agree on a strategy" with Binance. Japan-based digital asset trading platform Tao Tao ended negotiations with Binance, setting back the timeline for the crypto exchange to launch trading services for users in the Asian nation.According to an Oct. 5 update from Tao Tao, the platform stated it had “decided to end negotiations” with Binance after nine months. Binance had been discussing a collaboration with the digital asset trading platform as well Z Holdings’ daughter company Z Corporation — formerly Yahoo Japan — since Jan. 17 as part of its....
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SBI now has two licensed crypto trading platforms in Japan. Japan's largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange.According to an official announcement on Oct. 7, SBI’s foreign exchange and derivatives arm SBI Liquidity Market has acquired all shares of TaoTao, making it a wholly-owned subsidiary of the company. Formerly 40% owned by internet giant Yahoo! Japan’s YJFX, TaoTao launched its crypto trading service in May 2019.With the new acquisition, SBI now has two crypto trading....
Crypto exchange giant Binance is the latest platform to receive a warning from regulators in Japan for operating in the country without a license. Crypto trading platform Binance may once again be heading for a standoff with financial regulators in Japan.On Friday, the Financial Services Agency (FSA) issued a warning to Binance, accusing the company of offering crypto exchange services in the country without registration. The agency also served a similar warning to crypto derivatives trading platform Bybit back in May.After China banned crypto trading back in 2017, Binance, along with many....
Despite struggling with regulatory challenges that have seen it delist several high-end tokens, Binance has pledged to triple its crypto asset count up to 100 on its Japanese subsidiary platform. Binance Japan To Increase Number Of Listed Tokens To 100 Binance Japan, a prominent Japanese subsidiary of Binance Exchange, has made a surprising announcement in […]
The influential financial regulators from Japan and the United Kingdom have ‘exchanged letters’ toward jointly promoting innovation of Fintech or financial technology. The collaboration will also provide guidance and support for FinTech businesses and startups to enter each other’s markets. Announced today, the UK’s Financial Conduct Authority (FCA) and the Financial Services Agency of Japan (FSA) agreed toward the Exchange of Letters (EoL) that will establish a framework for cooperation and referrals between the two countries. Fundamentally, the EoL agreement is designed toward respective....
Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial regulator, the Financial Services Agency (FSA), issued a warning notice to Binance Holdings Ltd. and CEO Changpeng Zhao on Friday. The notice states that Binance has been providing crypto exchange services to Japanese customers without registration. Under Japanese cryptocurrency regulation, companies....