Binance Seeks Permit to Return to Japan Market After 4 Years
- Billionaire CEO Zhao in 2018 abandoned plans for a Japan base
- Japan PM Kishida’s wider agenda now includes support for Web3
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Binance, the world’s biggest cryptocurrency exchange, is seeking a license to operate in Japan, four years after retreating from the country as it didn’t have a permit, according to people familiar with the matter.
The nation’s easing approach to crypto and substantial potential for user growth are the key reasons for Binance’s renewed interest in the world’s third-largest economy, one of the people said.