Market News

Binance Returns to Belgium and Enters Japan Market with Stablecoin Strategy

Binance Bounces Back in Belgium

Binance Belgium is reopening registrations for residents of Belgium, allowing them to access the platform once again.

The exchange made this announcement on social media, expressing gratitude for the patience and loyalty shown by Belgian users during recent changes and challenges.

In addition to reopening registrations, Binance is restoring access to various products and services for Belgian users who have accepted the updated Terms of Use. The exchange values the support it has received from the Belgian crypto community.

In other news, Binance is expanding its presence in Japan through a partnership with Mitsubishi UFJ Trust Bank. Together, they are working on introducing a stablecoin to the Japanese market.

This stablecoin project will be built on the Progmat Coin platform, owned by Mitsubishi UFJ Trust Bank, ensuring compliance with Japanese regulations governing stablecoin issuance and management.

The collaboration involves joint research efforts among the three entities to bring this stablecoin project to fruition.

The stablecoin is expected to be pegged to the Japanese yen and may include other foreign currencies, providing new opportunities in the Japanese crypto market.


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