Binance poised for Japan expansion after buying local exchange Sakura

Binance’s sprawling empire is about to get bigger as it eyes expansion in Japan. The world’s largest crypto trading platform has acquired 100% of Sakura Exchange BitCoin for an undisclosed amount, a registered crypto exchange in Japan, the company said Wednesday.
The announcement followed closely on the heels of Binance’s notice saying it had paused user registration in Japan. “As Binance constantly evaluates its product and service offerings to proactively comply with local regulations, new users in Japan will not be able to register with Binance.com.”
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