Japan’s FSA Warns Binance to Comply with Licensing Requirements

Japan’s top securities regulator has issued a formal warning to cryptocurrency exchange Binance that in needs to comply with licensing requirements in order to continue operations.

The news, which the Financial Services Agency (FSA) published in a statement on Friday, March 23, 2018, confirms earlier rumors reported by news outlet Nikkei that an FSA warning was forthcoming, given the exchange was already operating in the country without a license.

Binance CEO Changpeng Zhao initially...

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