Japan’s financial regulator ‘FSA’ has warned that cryptocurrency exchange Binance is operating within the country without permission.
The Financial Services Agency issued the warning earlier on Friday that Binance isn’t registered to operate a business within Japan.
Binance was warned by the FSA earlier in March 2018 for the same reason. CEO Changpeng “CZ” Zhao spoke out against reports at the time that the Binance exchange was subject to criminal charges by the FSA, claiming that the exchange was in “constructive dialogues” with the regulator over the matter.
Also earlier last month, the FSA issued a similar warning against Bybit about offering crypto services within the country despite not being registered for so.
“Binance doesn’t presently hold cryptocurrency exchange operations in Japan, nor do we actively solicit Japanese users,” a Binance outlined. “As you’ll understand, we don’t comment, as a matter of policy, on specific matters associated with any regulators.”