Binance, the major cryptocurrency exchange, has started discussions regarding a strategic partnership with two Japanese firms, Z Corporation and Tao Tao.
#Binance CEO Says #Compliance Is Key for New #Strategic Partnership in Japanhttps://t.co/7u4pX3m6D6https://t.co/1puhbtrSF4 — CN 🚀📫💡 (@_cryptoNole) January 17, 2020
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.
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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.”
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Thus, currently, Japanese traders still have full access to the platform.
Source: binance.com | cointelegraph.com