Binance Receives Major Warning from the Japanese Govt

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The world’s largest cryptocurrency exchange, Binance, just received a huge warning from Japan. The exchange is listed in Hong Kong but it’s servers actually reside in South Korea. Since the Chinese did that firewall ban, the Binance IPs moved to the British Virgin Islands and other locations to avoid regulatory issues in the future.

Just recently, Binance expanded to Japan and the Japanese Financial Service Agency (FSA) will be issuing a formal warning to the exchange in the near future. Allegedly, the major exchange expanded into the country without permission from the regulatory agency.

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