'Irahaimasen, maybe Satoshi Nakamoto is happy with this new news.'
Binance, the world's largest crypto exchange, seems determined not to give up on establishing a foothold in Japan with new news saying the company is trying to obtain a license to operate legally.
According to inside sources, Binance wants to take advantage of the relaxation of legislation and the huge potential of crypto among users in the world's 3rd largest economy.
As general knowledge, Prime Minister Fumio Kishida who introduced the economic rubric 'New Capitalism' as part of economic development efforts has given support to the growth of Web3* based firms.
*A term that refers to the vision of a decentralized internet in crypto-based blockchain technology.
In addition, Japan's financial regulator is also working on easing corporate tax regulations on crypto assets.
Back to Binance, a company spokesperson declined to disclose the details of their meeting with Japanese authorities regarding the license.
However, Binance is said to remain committed to working with regulators and policymakers to ensure crypto finds a place in Japan.
Observing the situation of Binance in 2018, the company planned to build its office in Japan but had to withdraw due to the lack of an operating permit.
In the meantime, the news about the Japanese government's desire to develop the potential of crypto also got a positive reaction from other digital currency asset companies such as DeCurrent Inc owned by Temasek-Amber Group.
