{"id":20343,"date":"2023-04-28T11:06:51","date_gmt":"2023-04-28T11:06:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-set-to-begin-operations-in-japan-in-two-months-time\/"},"modified":"2023-04-28T11:06:51","modified_gmt":"2023-04-28T11:06:51","slug":"binance-set-to-begin-operations-in-japan-in-two-months-time","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-set-to-begin-operations-in-japan-in-two-months-time\/","title":{"rendered":"Binance set to begin operations in Japan in two months&#8217; time"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682673550753-5ac91841-6405-405c-9402-e4b4c5186bb2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682673550753-5ac91841-6405-405c-9402-e4b4c5186bb2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682673550753-5ac91841-6405-405c-9402-e4b4c5186bb2-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682673550753-5ac91841-6405-405c-9402-e4b4c5186bb2-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Japan\u2019s financial authorities had issued a warning that Binance was operating in the country without permission.<\/li>\n<li>Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022.<\/li>\n<li>Existing services on SEBC will be terminated for new service under the provisional name \u201cBinance Japan\u201d to be issued.<\/li>\n<\/ul>\n<p>As <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance <\/a>continues to expand its business in Asia, it is set to begin operations in Japan in June according to a <a href=\"https:\/\/sebc.co.jp\/23042801_notice\/\">notice<\/a> published by the exchange on Friday.<\/p>\n<p>At the moment, Binance is the largest cryptocurrency exchange in the world by market capitalization even after the recent crackdown on its US arm, Binance.US, by authorities in the United States. It is set to use the recently acquired Japanese crypto exchange called Sakura Exchange BitCoin (SEBC) to offer crypto services in the Japanese market.<\/p>\n<h2>Launch of Binance Japan<\/h2>\n<p>Binance has been working to restructure the SEBC exchange and the existing services on SEBC are scheduled for termination on May 31, 2023, after which the exchange will be renamed \u201cBinance Japan.\u201d<\/p>\n<p>The new Binance Japan is scheduled to start operations after June 2023 according to the notice issued by the Japanese branch of Binance.<\/p>\n<p>Listing cryptocurrencies on crypto exchanges in Japan requires vetting by the Japan Virtual Currency Exchange Association and the SEBC exchange currently supports 11 cryptocurrency trading pairs.<\/p>\n<h2>Japan\u2019s crypto exchanges regulations<\/h2>\n<p>Japan has a high <a href=\"https:\/\/coinjournal.net\/news\/japans-fsa-seeks-stricter-crypto-regulations-to-protect-users\/\">regulatory standard for crypto exchanges<\/a> which requires the segregation of customer and exchange assets. The regulations also require that most of an exchange\u2019s assets be kept in cold wallets and customers\u2019 fiat funds to be kept by a Japanese trust company or bank trust.<\/p>\n<p>In 2021, Japan\u2019s financial authorities issued a warning that Binance was operating in the country without permission prompting Binance to look for a local cryptocurrency exchange. With the complete rebranding of the SEBC, Binance will gain full regulatory status in Japan.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-set-to-begin-operations-in-japan-in-two-months-time\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Japan\u2019s financial authorities had issued a warning that Binance was operating in the country without permission. Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022. Existing services on SEBC will be terminated for new service under the provisional name \u201cBinance Japan\u201d to be [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":20344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20343"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20343"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20344"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}