Binance enters Japanese market with Sakura Exchange BitCoin deal

Cryptocurrency exchange operator Binance said on Wednesday it acquired Sakura Exchange BitCoin , a crypto exchange service registered in Japan, to expand into the Asian country.Through the acquisition, Binance will be able to operate in the Japanese market as an entity regulated by the Japan Financial Services Agency .

Takeshi Chino, general manager of Binance Japan, said, “We will actively work with regulators to develop our combined exchange in a compliant way for local users.”

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BlockFi files for bankruptcy, latest crypto company to fail - BusinessMirrorCryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX's own bankruptcy, however, all but sealed BlockFi's financial fate. BlockFi
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