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Binance Decides To Operate In Japan Despite Troubled History

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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CEO of the world’s biggest crypto exchange- Binance- Changpeng Zhao (CZ), is planning to re-emerge in Japan after 4 years. Reports suggest that Binance didn’t have a permit in Japan before, hence, it is trying to secure a license in order to operate in Japan. The East Asian country’s effortless approach toward digital assets has reignited Binance’s interest to re-enter the market.

In 2018, Binance’s billionaire founder “CZ” ditched the plan to build a base in Japan, as they had been subjected to multiple inquiries by the regulators. The regulator had also issued an official notice to the firm to stop their operations in the country without any license. Binance had received multiple warnings in later years for not adhering to the specific rules.

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