Binance New: CZ to Coincide with Japan Crypto Compliance

Binance cryptocurrency exchange is elevating its growth positively worldwide.

The fastest-growing crypto trading platform in its latest move is ready to follow a new deal with Z Corporation Inc. (Z Corp), a Japanese investment company (a subsidiary of Yahoo Japan Corporation) and a Japanese licensed crypto exchange Tao Tao. The updates have come through a new blog post on the company’s website on Jan 17, 2020.

Reportedly, this is considered as a strategic partnership while following the compliances which have established by Japan’s regulatory authority (FSA) to do cryptocurrency-related business and to carry on trading practices in the Japanese market.

As per the displayed information, Z Corp and Tao Tao both are in the process of continuing their deliberations on Binance’s proposal.

Allegedly, this partnership would allow Binance to do business in Japan and can serve Japanese customers appropriately according to FSA rules, regulations, and standards, to maintain the ethical environment in the crypto loving country. However, the actual details of the negotiations and the strategic partnership on compliances have not been disclosed yet. 

The blog reads, “Through licensing Binance’s cutting-edge technologies, Z Corp and TaoTao will collaborate with the Financial Service Agency to ensure full regulatory compliance in the Japanese market.”

Source: Binance website blog

CZ while showing the best shot tweeted towards Binance’s participation in the Japanese ecosystem tweeted: 

Many non-Japanese may not understand the significance of this. TaoTao & Z-Corp are subsidiaries of Yahoo Japan. YJ has been independent from Yahoo US for a long long time and is doing well. It is 48% owned by Softbank.

Couldn't ask for a better partner than TaoTao in Japan. https://t.co/dhTaJkD7WC

— CZ Binance (@cz_binance) January 17, 2020

Image by Gerd Altmann from Pixabay