According to a blog post published Wednesday, Binance has purchased Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country’s Financial Services Agency (FSA), for an undisclosed sum. With the acquisition, the world’s largest cryptocurrency exchange by trading volume enters the Japanese market, joining a growing list of countries where it has some level of regulatory authorization. Binance was recently approved as a crypto asset service provider in Cyprus, following similar approvals in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, and Kazakhstan. The FSA was one of several regulatory bodies that warned Binance last year that it was not licenced to operate in its market.
