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<h2 id="header-0">According to reports, the cryptocurrency exchange Binance is attempting to reenter the Japanese market.</h2>Four years ago, the business left Japan after receiving a warning from the financial watchdog there that Binance was operating without a permit.Binance Desires a Return to JapanFour years after leaving the country, cryptocurrency exchange Binance is looking for a licence to re-enter the Japanese market, according to a report published on Monday by Bloomberg, citing people with knowledge of the situation.According to one of the persons, the Japanese government&#39;s lax regulatory stance to cryptocurrencies and the significant potential for user growth are the main drivers driving Binance&#39;s increased interest in Japan.According to a representative for Binance, the firm is dedicated to collaborating with lawmakers and regulators to create regulations that safeguard consumers, promote innovation, and advance our sector. The representative would not, however, comment on specific licencing applications, saying that &#34;commenting on any interactions with regulators would be inappropriate.Following a warning about operating without a licence from Japan&#39;s primary financial regulator, the Financial Services Agency (FSA), Binance left the Japanese cryptocurrency market in 2018. The FSA once again sent a warning to Binance in June of last year, reminding the exchange that it had been offering unregistered crypto exchange services to Japanese clients.Binance has made regulatory compliance one of its key goals after receiving warnings from numerous regulators that it has been operating without a licence and in violation of the law. Prior to now, the exchange platform made clear that it intended to become a licenced financial institution.To address regulatory issues, Binance recently established a global advisory council. According to Binance, the group consists of &#34;distinguished professionals in public policy, government, finance, economics, and corporate governance.&#34;

Binance Requests Permission to Return to the Japanese Crypto Market

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