Five years after its exit from the Japanese market, Binance has launched plans to transition its Japanese subsidiary to a new platform. binance will begin building a new, fully regulated subsidiary in Japan. This follows Binance's acquisition of regulated cryptocurrency trading platform Sakura Exchange Bitcoin (SEBC) in November 2022. As part of the deal, SEBC will cease its current services by 31 May and reopen in the coming weeks under the name Binance Japan, with Japanese users having to Registration. The migration will be available after 1 August 2023 and will include a new identity verification process (KYC) to comply with local requirements.
Binance has previously revealed that any remaining funds on the SEBC trading platform will be automatically converted to Japanese yen and transferred to users' bank accounts starting in June.
Binance has previously revealed that any remaining funds on the SEBC trading platform will be automatically converted to Japanese yen and transferred to users' bank accounts starting in June.