Binance unlikely to enter Japan in 2020 after negotiations fail
Cointelegraph
Published Oct 06, 2020 06:41AM ET
Updated Oct 06, 2020 08:20AM ET
Japan-based digital asset trading platform Tao Tao ended negotiations with Binance, setting back the timeline for the crypto exchange to launch trading services for users in the Asian nation.
According to an Oct. 5 update from Tao Tao, the platform stated it had “decided to end negotiations” with Binance after nine months. Binance had been discussing a collaboration with the digital asset trading platform as well Z Holdings’ daughter company Z Corporation — formerly Yahoo Japan — since Jan. 17 as part of its goal to enter the Japanese market. The digital asset trading platform is currently licensed by the country’s Financial Services Agency (FSA), while Binance is not.
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Written By: Cointelegraph
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