Binance Eyes Crypto License In Japan 4 Years After Exit
- It is very likely that Binance, the giant of login password exchange, will repair its business in Japan for the first time since 2018.
- Bloomberg News Agency reported on Monday that Zhao Enterprise of Changpeng is looking for an encryption license so that such actual operation is legal.
- When the information was released, Japanese President Fumio Kishida hoped to lead a political party including encryption technology.
- So far, Binance has sought and won several types of control approvals internationally in 2022.
It is reported that Binance, the leading cryptocurrency exchange in the industry, has obtained the encryption license in Japan. As the new leadership of the host country has explored the current policy of cryptocurrency diversification to support local economic development and stimulate innovation
Bloomberg News Agency reported on Monday that insiders indicated that Binance hoped to obtain the approval of the supervisory authority to operate a digital currency service project in Japan. At present, it is not clear how far the exchange has gone to promote this goal at the press conference.
With the new President Fumio Kishida gradually carrying out the mission of reviving Japan's economic development, the Swedish Stock Exchange is closely focusing on obtaining licenses. It is reported that Kishida's so-called "new bourgeoisie" political party may support login password friendly laws and regulations, which is in sharp contrast to the rigid mentality of the former leaders and cadres of the host country towards digital currency.
Kishida's initial approach to web3 technology and decentralized assets also attracted praise from policymakers and regulators. In August, the Financial Services Agency of Japan proposed to relax the tax requirements for digital currency and crypto investors.
If the license application is approved by the regulatory authority, Binance may enter the Japanese sales market for the first time in more than four years. Previously, the government issued a "termination and stop" order to the Exchange, and required users to provide unauthorized encryption services to their accounts.Binance goes on a mission
Although there were control difficulties in various jurisdictions previously, Binance still indicated that it was ready to complete compliance management internationally. CZ and the spokesmen of the Exchange often strictly implement the service platform plan in line with the established policies, and promote a wider range of encryption applications.
In fact, the exchange seems to have stepped into this path and obtained several types of encryption license supervision and nod from European market governments such as Spain, Spain and France. With the approval of the encryption service project in the United Arab Emirates, Binance's project in the Middle East is still developing
At the press conference, Binans also set up a starting point in China to develop markets in Indonesia and parts of Thailand