cryptonews: The crypto space continues to BUIDL despite the bear market & recent incidents.
With the announcements that crypto exchanges Binance will enter Japan, Gemini getting permission to operate in Italy and Greece, and Nexo in Italy, it seems that neither the deepening crypto winter nor the spectacular collapse into bankruptcy of FTX has stopped regulators around the world from opening their doors to other firms.
In the EU, for example, European Central Bank President Christine Lagarde has called for speeding the implementation of its Markets in Crypto Assets legislation and reiterated the need for a broader and more comprehensive MiCA II. Meanwhile, the U.K. government has said its plans to become a global cryptoasset hub have not been affected by the chaos at FTX — but that being said, British politicians are planning to focus more on stablecoins than private cryptocurrencies like Bitcoin.Binance — the world's biggest crypto exchange — revealed that it has acquired 100% of the Sakura BitCoin Exchange , which is registered with the Japan Financial Services Agency .
Binance is "committed to enter Japan under regulatory compliance," CEO Changpeng "CZ" Zhao said in a tweet. Last August, he announced that the company was "pivoting from reactive compliance to proactive compliance […] to help establish crypto compliance best practices worldwide."Takeshi Chino, general manager of Binance Japan, said:
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