Fun

News Feed - 2023-08-02 01:08:54

Turner Wright7 hours agoBinance Japan begins launching trading services for residentsThe Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14.837 Total views20 Total sharesListen to article 0:00NewsJoin us on social networksMajor cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator.


In an Aug. 1 announcement, Binance said local crypto exchange Sakura Exchange Bitcoin has launched as Binance Japan in an effort to operate within the country’s regulatory framework. The firm said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14.We’re proud to announce that #Binance has officially launched in Japan as Binance Japan K.K.

Users in the country now have access to more tradable tokens than any other exchange, with Spot and Earn products available.

Find more details below.https://t.co/grxPYSsp84— Binance (@binance) August 1, 2023


Japan, briefly home to Binance CEO Changpeng Zhao, was also the headquarters of the crypto exchange following the move of its operations from China. However, Binance relocated to Malta in 2018 following warnings from Japanese financial regulators about its license.


The Financial Services Agency (FSA) of Japan issued a letter to Binance in June 2021, warning the exchange about operating in the country without a license. A spokesperson told Cointelegraph at the time that the firm did not “hold exchange operations” in the country or “actively solicit Japanese users”.


Related:Token issuers in Japan exempt from 30% crypto tax on paper gains


Binance acquired Sakura Exchange Bitcoin in November 2022, suggesting the firm planned to reenter the Japanese crypto market under the required regulatory regime. The company said the move was aimed at “bolster[ing] the development of the Japanese digital-asset market,” citing its growing interest in blockchain.


Japanese Prime Minister Fumio Kishida has stood behind the government’s plans to promote Web3 innovations in the country. However, other crypto exchanges, including Kraken and Coinbase, announced their intention to shutter operations in Japan, citing market conditions.


Magazine:Crypto City: Guide to Osaka, Japan’s second-biggest city# Japan# Asia# Business# Cryptocurrency Exchange# BinanceAdd reactionAdd reactionRelated NewsWhat is profit and loss (PnL) and how to calculate itWorldcoin launch sparks debate over data privacy and future of AIAI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.Binance headcount reduction hits 1,000 employees: ReportBinance cuts back on employee benefits, citing ‘decline in profit’: ReportBinance Blockchain Week picks Turkey to host thousands of Web3 lovers

News Feed

Gold, Silver, and Oil Predictions; Ellison’s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review
Gold, Silver, and Oil Predictions; Ellison"s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review Robert Kiyosaki says the t
Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown
Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown PRESS RELEASE. Lendefi is a brand-new protocol aiming to provide opportunities such a
XRPL on-chain transactions jump 108% in Q1 2024
Ciaran Lyons1 hour agoXRPL on-chain transactions jump 108% in Q1 2024The XRP Ledger (XRPL) recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% compared to the
Martin Young5 hours agoSBF trial dates revealed: FTX founder to stand trial over 6 weeksIn a hearing, Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated the case could last four to five weeks
Bitcoin exchange inflow has fallen sharply in August — CryptoQuant
Vince Quill4 hours agoBitcoin exchange inflow has fallen sharply in August — CryptoQuantExchange inflows gauge potential selling pressure, with high inflows suggesting high sell pressure and low inflows suggesting low
Portal introduces ‘PortalPay’ interoperability for blockchain gaming
Vince QuillJul 11, 2024Portal introduces ‘PortalPay’ interoperability for blockchain gamingPortal aims to become the “Stripe of crypto” by lowering common barriers to entry for players eyeing blockchain video gam
Biggest Movers: ETC Nears 4-Month High, LINK Hits Highest Point Since June
Biggest Movers: ETC Nears 4-Month High, LINK Hits Highest Point Since June Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on F
Savannah Fortis10 hours agoEU stays on top of Web3 with metaverse, AI and crypto strategiesOver the last year, leaders in the European Union have been vocal about their desire to stay on top of the latest developments in
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
Thailand"s New Rules Help Securities Companies Launch Crypto Exchanges Thailand has reportedly revised its net capital rules which help securities firms launch c
SingularityNet, Fetch.AI, Ocean Protocol merger will drive decentralized AI development: ChainGPT CEO
Zoltan Vardai7 hours agoSingularityNet, Fetch.AI, Ocean Protocol merger will drive decentralized AI development: ChainGPT CEOThe token merger will drive new resources and create new collaborations to bolster decentralize
Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy’s Spot Market Decline
Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy"s Spot Market Decline Roughly 247 days ago, the total bitcoin futures open interest across 12 differe
US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million
US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja,