Binance, the world’s largest virtual asset exchange, announced on the 30th that it has acquired a 100% stake in Sakura Exchange (SEBC), a virtual asset exchange registered in Japan. Details of the acquisition amount were not disclosed. Binance plans to enter the Japanese virtual asset market through this acquisition.
Binance plans to comply with Japanese regulations through SEBC, which has secured licenses for virtual asset exchanges in Japan. With the acquisition of SEBC, Binance obtained its first license in East Asia. Binance has secured regulatory approval or approval in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania and Cyprus.
“Japan is one of the world’s best economic markets with a highly developed technology ecosystem,” said Takeshi Chino, general manager of Binance Japan. “We are already preparing to use strong blockchain.” We will actively cooperate with regulatory agencies to comply with regulations for local users.