Crypto exchange Binance has applied for a license in Japan four years after it refused to open its headquarters in the country, Bloomberg has reported.
According to them, the exchange’s interest in Japan is dictated by the softening of the supervisory approach to the industry and “significant potential” for user growth.
A company spokesman has said:
“It would be inappropriate to comment on any dialogue with regulators.”
He has stressed Binance is committed to working with authorities “to shape policies that protect consumers, encourage innovation, and move the industry forward.”