Binance Restrict Japanese residents from its exchange

Must Read

Blockchain Startups that have managed to get huge success in the past 2 years

Introduction If you have not lived under a rock for the past 10 years,...

Bitcoin Retail Investors Jumping on Buying the Dip in Anticipation of Halving

Currently, the price of bitcoin seems to have found stability above $6,000 as it trades just above...

Kyber Network & Hedera Hashgraph Still Up Over 145% YTD

The world’s leading cryptocurrency is trading around $6,600 having jumped today as well. A spike in the...
- Advertisement -BTCClicks.com Banner
Earn Free Bitcoin

In a Jan. 15 announcement on Binance’s Japanese support website, the exchange revealed it would restrict access to residents of Japan at an unspecified later date.

The restriction is said to be implemented gradually, with details to be revealed later, according to the announcement.

Currently, there are no restrictions in place and Japanese users are able to operate the exchange normally. 

Binance was previously headquartered in Japan after exiting China. As reported in March 2018, the exchange moved its operations to Malta following an official warning by Japanese regulators due to its lack of a national exchange license.

Several exchanges have since registered with the regulator. Binance rival Huobi had obtained the license in January 2019, while Japanese corporation LINE’s BitBox exchange secured it in September.

It is possible that Binance encountered similar regulatory difficulties despite not legally residing in the country. Crypto exchange Kraken ceased to provide services to Japanese residents in April 2018, admittedly citing rising costs of doing business — potentially due to the licensing requirement.

- Advertisement -
- Advertisement -

Latest News

Kyber Network & Hedera Hashgraph Still Up Over 145% YTD

The world’s leading cryptocurrency is trading around $6,600 having jumped today as well. A spike in the...
- Advertisement -Earn Free Bitcoin

MyTvchain.com Records Growth for The First Blockchain ​​Web Tv Platform Dedicated to Sport Clubs And Athletes

Sophia Antipolis (France) and Singapore: The first web TV platform dedicated to sports clubs and athletes opened in...

Crypto-Broker Instacoins Receives Operating License in Estonia

Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The...

iOWN Token is now listed on LATOKEN and P2PB2B exchange platforms.

iOWN Token is now listed on LATOKEN and P2PB2B exchange platforms. Both platforms are the first of many high-volume exchanges to list...

Momentum Protocol announces Solution Provider Program

Momentum Protocol announced today that it is starting to roll out its Solution Provider Program. An initial set of partners have already...