Insiders: Binance is trying to apply for a business license in Japan

Chain Catcher news, according to Bloomberg citing informed sources, Binance is seeking a license to operate in Japan. One of the informed sources stated that Japan's lenient attitude towards cryptocurrencies and the enormous potential for user growth are key reasons for Binance's renewed pursuit of a license to operate in Japan.

According to previous reports, four years ago, Binance exited Japan due to not obtaining an operating license. Last May, Binance was warned again by the Japanese Financial Services Agency for engaging in cryptocurrency asset trading with Japanese residents without registration. (Bloomberg)