Japan Comes For Crypto Exchange Binance Over Licensing Issue

Japan Comes For Crypto Exchange Binance Over Licensing Issue

Japan’s financial regulator has issued a warning to cryptocurrency exchange Binance.

In a statement by the Financial Services Agency on Friday, the 23rd day of March, 2018 the agency confirmed news that purported Binance was about to be warned by the financial watchdog given its lack of registration with the regulator.

The statement did however not explain if the regulator is weighing criminal charges, as indicated in the previous report from Nikkei. The exchange told Bloomberg earlier this year that it was working with Japanese regulators to secure a license.

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Responding to the FSA statement, Zhao Changpeng, Binance’s co-founder and CEO, confirmed receipt of the warning letter and stated the firm’s legal team is in dialogue with the agency.

 

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