Contrary to reports from Japanese news outlet Nikkei, Binance has denied that the Japan Financial Services Authority (JFSA) plans to issue a warning requiring the cryptocurrency exchange to close its operations in the country.
The CEO of the Binance exchange, Changpeng Zhao, to refute statements made by Nikkei, considering them a case of “irresponsible journalism,” wrote the following on Twitter:
“We We are in constructive dialogue with JFSA and have not received any binding orders. The regulator could not first tell the newspaper about this and then inform us, given that we are negotiating with it.”
Earlier today, Nikkei reported that the JFSA will most likely issue a closure warning to the Binance exchange in the near future. The alleged reason for this action by the regulator was that the cryptocurrency exchange was operating in Japan without regulatory approval.
Binance was originally founded in China, but then moved to Japan to avoid restrictive regulations from the Chinese government. Since then, the company has also established offices in Taiwan.
Binance has the largest trading volume in the world, according to CoinMarketCap.
According to https://thenextweb.com
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