Binance Purchases Japanese Crypto Exchange Sakura Exchange BitCoin

Reading Time: < 1 minute

Binance has recently announced the acquisition of Sakura Exchange BitCoin (SEBC), a cryptocurrency exchange which is registered with the Japan Financial Services Agency.

According to the statement on the acquisition:

“With this acquisition, Binance is entering the Japanese market as a regulated entity.”

Takeshi Chino, Binance Japan General Manager, has noted the country’s economy is “already ready for the active implementation of the blockchain.” He has also said that Binance plans to cooperate with local regulators and develop the exchange in accordance with local requirements. He has added:

“We are committed to helping Japan take a leading role in the crypto industry.”