Binance Partners With Two Japanese Firms ‘Z Corporation’ And ‘Tao Tao’
January 17, 2020
Binance Partners With Two Japanese Firms ‘Z Corporation’ And ‘Tao Tao’
January 17, 2020

Binance, the major cryptocurrency exchange, has started discussions regarding a strategic partnership with two Japanese firms, Z Corporation and Tao Tao.

On January 17, it has been reported that Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan, and TaoTao, a Japanese licensed cryptocurrency exchange.    

However, the exact details of the partnership have not been revealed as of this moment, but Binance said that Z Corporation and TaoTao would “continue discussions and deliberations with Binance and begin preparation to launch trading services for users in Japan”.

Changpeng Zhao (CZ), the CEO of Binance, commented:

“We are looking forward to our joint efforts with Z Corporation/TaoTao in bringing our services to Japan. Foremost, we want to ensure that we work in full compliance with Japanese laws and regulations where local and global standards function as a key role in establishing sustainable development industry-wide and greater public adoption.” 

Binance noted that all parties in the partnership would work with the agency, stating:

“Through licensing Binance’s cutting-edge technologies, Z Corp and TaoTao will collaborate with the Financial Service Agency to ensure full regulatory compliance in the Japanese market.” 

As yesterday, Binance announced that it will gradually restrict access to residents of Japan.

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Thus, currently, Japanese traders still have full access to the platform.

Source: binance.com | cointelegraph.com


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Ishita Bora

Ishita Bora is a content creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, and guides.
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