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Binance Wants to Get a Permit to Enter the Japanese Market

In 2018, Binance, the biggest crypto exchange in the world, tried to expand its presence to Japan, but couldn’t obtain the license and decided to retreat instead of pushing for a permit against a government that does not want to regulate crypto. However, things have changed since that period and the new agenda of the current Prime Minister of Japan Fumio Kishida is drastically different.

Japan wants to embrace crypto trading

The new framework established by Fumio Kishida is created to provide more space for web3 projects and focus on developing new technology within the nation’s borders meaning that the stance of the government toward blockchain is now much softer. The renewed agenda immediately attracted attention from several companies working in the industry including the biggest shark of all — Binance.

Binance is an international crypto exchange that has a 17% market share leading the pack in many metrics and providing diverse financial products to millions of its users globally. It has a large array of investment options and its proprietary technology platform allows dApps to be deployed directly to Binance’s network. The interest in the Japanese market from this CEX was reinvigorated after the Japanese Government announced its new plans regarding web3 and blockchain.

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Many companies that were operating in Japan decided to move to Singapore, Hong Kong, and other Asian countries where corporate taxing is less aggressive and crypto is used on a wider scale. It seems that the Japanese Government is finally addressing this issue and understands the value of the crypto industry.

Japan should pick up the pace

A couple of weeks ago, Singapore announced that it will be opening its crypto market to foreign investors. Many other nations are moving to develop their versions of cryptocurrencies with the CBDC craze taking over multiple nations including notable economic powerhouses like the UK, Germany, Italy, and many others.

If Japan wants to stay competitive in the new era of global finances, it has to embrace crypto and continue working with various blockchain projects that will soon enough overtake all other fintech platforms! produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

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Alexander Fyodorov (Ukraine)

Alexander Fedorov is a new writer on Tokenhell, his articles are about on cryptocurrency news and platform reviews. We recommend keeping an eye on his latest posts as they are always very informative and super interesting.

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