Crypto Exchange Binance To Stop Serving Japanese Residents

Binance has announced it will be restricting access for Japanese residents in the future, though no specific date was revealed.

A 15th January announcement on Binance’s Japanese support site dropped the bombshell, though no real details were given as to why the decision has been taken. However, Binance did say it would bring in the restrictions gradually, and provide further details at a later date.

As things stand right now, Japanese residents are able to make full use of the Binance exchange without any restrictions.

Binance was briefly based in Japan, after leaving China. Though it left the country and relocated to Malta after Japanese regulators expressed concern the company did not have a license there. Over the last year several licenses, including Huobi and BitBox, have secured Japanese exchange licenses.

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