December 11, 2023

Binance Exchange announced a partnership with the Japanese company Z Corporation

Cryptocurrency exchange Binance announced a partnership with Z Corporation, which is owned by the JapaneseYahoo !.

As part of the cooperation, a completely independent trading platform will be created. Companies involved in the development of the platform must obtain special licenses from the financial regulator of Japan.

Any company working with digital assets inJapan, must be registered with the regulator. As for Binance, in connection with regulatory obstacles, the exchange refused to serve users from the United States. To service customers from the United States, a separate American division of the exchange was launched.

To date, Binance has not announced the launch date of the Japanese division. Not so long ago, a cryptocurrency platform launched a South Korean version of its platform.

Let us remind you that the other day it was reported that the Binance exchange will gradually limit the availability of its services for Japanese citizens.

Not long ago, a bill was introduced into the US Congress that proposes to exclude cryptocurrency transactions worth less than $200 from the tax base.