Binance continues to work on the Asian market at full speed. The popular stock market, which focused on the Asian market due to regulatory pressures in the USA, took another critical step. According to the latest information Binance shared, it will establish a new platform in Japan. The popular exchange, which will terminate its current services for residents of Japan on November 30, 2023, will launch its new platform in the summer.
The pass link will be available from August 1 to November 30, 2023 for users residing in Japan to complete their identity verification (KYC). Binance gave the following words on the subject in the announcement it shared:
“We are pleased to announce that we have created a new platform for residents in Japan in order to fully comply with local regulations. The new platform will be available this summer. We will inform the launch date and provide further details in the coming months. With regard to the global platform you are currently using, please note the current services will be discontinued for Japan residents on November 30, 2023. Users of the global platform will be able to migrate to the new local platform through a new identity verification process (KYC), which will be available after August 1, 2023.”