Binance Starts Japan Exchange in Renewed Effort to Tap Nation’s Crypto Market
- Local platform is intended to fully comply with Japanese rules
- Binance facing regulatory pressure in other parts of the world
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Binance formally started a crypto trading platform in Japan that complies with local rules as the world’s largest digital-asset exchange tries again to tap opportunities in the Asian nation.
The platform launched on Tuesday and residents can apply for accounts from mid-August, Binance said in a statement. They will lose access to Binance’s global platform by Nov. 30 and can start trading on the new venue on Dec. 1.