Japanese mainstream media outlet Nikkei reported earlier this week that criminal charges could be filed against Binance if it failed to halt its Japan operations. Binance CEO Changpeng Zhao swiftly responded to the report, stating that it was “irresponsible journalism.” On March 22, Nikkei reported that the Japanese Financial Services Agency (FSA) had warned Binance about its operations in Japan and asked the cryptocurrency exchange to stop providing its service to investors based in Japan. Nikkei’s initial report read, “Criminal charges to be filed if Binance fails to halt Japan operations.” However, Zhao revealed that the Binance team had been communicating with Japanese financial
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