Binance has launched a new cryptocurrency exchange in Japan after acquiring and rebranding a local exchange, allowing the crypto giant to expand into the regulated Japanese market. The launch highlights Binance’s strategy of establishing localized crypto exchanges worldwide that comply with regional regulations.
Binance, the world’s largest cryptocurrency exchange, is being investigated by the regulatory in the U.S. for potential fraud charges, with officials treading cautiously due to concerns about the harm it could cause to consumers and the broader crypto industry.
Top cryptocurrency exchange Binance plans to return to the restricted Japanese crypto market by launching new services there before summer ends.
The funding rates for perpetual futures contracts linked to the cryptocurrency BNB have fallen to their lowest level in almost three months, indicating increased bearish sentiment.
Jimmy Su of Binance warns that cryptocurrency hackers have shifted their attention to cryptocurrency users, highlighting the increased importance of maintaining excellent “security hygiene.
Binance is working together with Australian regulators to fulfill the necessary local regulatory obligations, following news about searches being conducted at their offices.
According to a statement released by Binance.US, while the withdrawal of USD is currently functioning without any issues on their platform, they anticipate that their banking partners will cease offering this.
Belgium’s Financial Services and Markets Authority (FSMA) instructs Binance to halt all cryptocurrency services due to the exchange’s failure to provide sufficient information about its non-European Economic Area (EEA) entities.
Binance’s 10-week Advanced Management Program (AMP) is providing hands-on experience and training to 23 interns from top universities worldwide.
The Nigerian Securities and Exchange Commission declares the activities of Binance Nigeria Limited as unlawful within the nation.
