Binance is Talking With TaoTao Inc. and Z Corporation

News / 17.01.2020

The leading crypto exchange based in Malta, Binance Holdings Limited, announced that it is discussing with Z Corporation to become partners. The corporation is a wholly-owned subsidiary of Z Holdings Corporation and TaoTao Inc., a crypto exchange licensed in Japan.

According to the official release, the corporation will keep discussing and deliberating with Binance and start preparing the launching of trading services for customers in Japan. The licensing of the innovative technologies of Binance will bring about collaboration between the corporation, TaoTao and the Financial Service Agency towards complete regulatory compliance in Japan’s market.

The announcement emerged following the decision by Binance.com to ‘phase out’ services to the people residing in Japan. Based on this, the platform announced its plans to progressively limit transactions for the region. So far, there has been no implementation of any form of transaction restriction by Binance.com.

A partnership between the corporation and Binance is going to be a critical step for Binance in entering the Japanese market, the same way it launched its service earlier in the United States. In Sept. 2019, Binance announced the launch of Binance.US, and it involved a partnership with BAM Trading Services registered in California, towards the provision of services to the United States market in complete regulatory compliance.

After the development, the CEO of Binance commented on Twitter:

 

Featured image courtesy of Shutterstock. Source: Cryptopress.

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Debasish Das is from India, an engineering graduate and holds a postgraduate degree in management. He has 10 years of experience in the financial sector, having worked for one of the biggest MNC banking groups in the country. Currently he has business in e-commerce, insurance and consultancy. As an avid blockchain and cryptocurrency enthusiasts he believes in investing in the future of technology, and feels this is going to make the world a single marketplace and also give the power from centralized banks and governments back to people.