Binance Gets a Formal Warning from Japan’s Regulator

Share some Bitpinas love:

Ever since the Coincheck incident, the Financial Services Agency (FSA) of Japan has tightened its regulations about crypto exchanges and Binance is no exception.

Binance and FSA

The FSA has confirmed that Binance is warned by the regulator because it is not registered with them.

As reported in Japanese new media website, Nikkei, Binance got a shutdown notice because of its lack of registration with the FSA.

The news erupted across media sites around the world. Binance CEO Mr. Changpeng Zhao confirmed that the exchange received the FSA letter. However, he downplayed the report.

When Coincheck got hacked in January 2018, the Financial Service Agency has tightened its grip on cryptocurrency exchanges across Japan.

Binance is the world’s biggest cryptocurrency exchange platform. Its volume averages $1.9 billion every 24 hours.

Source: CCN, CoinDesk

Share some Bitpinas love:
Follow on social and subscribe to our newsletter
Subscribe
Notify of
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

… [Trackback]

[…] Read More Information here to that Topic: bitpinas.com/news/binance-gets-formal-warning-japans-regulators/ […]

trackback

… [Trackback]

[…] Find More here to that Topic: bitpinas.com/news/binance-gets-formal-warning-japans-regulators/ […]

trackback

… [Trackback]

[…] Find More to that Topic: bitpinas.com/news/binance-gets-formal-warning-japans-regulators/ […]

Gino

    Spreading the word about blockchain and cryptocurrencies.