Update: the CEO of Binance, Changpeng Zhao has made a post on Twitter denying that the exchange has “received any mandates” from the Financial Services Agency and describing Nikkei’s report as “irresponsible journalism.”
Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them.
— CZ (not giving crypto away) (@cz_binance) March 22, 2018
Japan is set to issue a warning against crypto exchange Binance, according to a report from the news outlet Nikkei, March 22.
Binance, the number one exchange by 24 hour volume according to CoinMarketCap, was affected by a hack on March 7, impacting users that had issued API keys on their accounts.
Twitter crypto person @WhalePanda shared @BTCVIC’s tweet, wondering how Bitcoin’s(BTC) price will react to the alleged warning:
“Quite interesting how #Bitcoin reacts to this, even though Binance is just a s***coin exchange with no fiat on-ram”
Read Full: Nikkei Report: Japan To Issue Warning Against Crypto Exchange Binance, Twitter Cries FUD