Future of Binance in Japan

The apon news platform Nikkei reported yesterday that the Japanese Financial Services Authority (JFSA) plans to send notifications to the crypto money exchange Binance to stop its activities across the country.

This unexpected development was partially unsettled in the market, and the price of Bitcoin, which started to turn upward, started to decline.

Binance's CEO, Changpeng Zhao, however, rejected the claims.

Zhao said in his statement via his personal Twitter account that Nikkei is an example of irresponsible journalism, saying, "We are in a constructive dialogue with the FSA and have not received any notice. It is not logical for the FSA to tell a news story before telling us, we have an active dialogue with them right now. "

Binance has been threatened with closure due to the fact that the country is operating without government approval. Although Binance was founded in China, it has moved its offices to Japan because of the increasingly oppressive attitude of the Chinese government. The company also opened an office in Taiwan.

According to CoinMarketCap, Binance is the crypto money market with the world's highest transaction volume.