Categories: MarketsMenafn

Binance Partners with Liquid for Controversial eKYC Authentication in Japan

Binance, a leading global cryptocurrency exchange, is set to make a robust comeback to the Japanese arena on August 14. To ensure compliance with Japan’s stringent regulatory mandates, it has announced a strategic partnership with Liquid, a front-runner in biometric data authentication.

Understanding Japan’s Regulatory Landscape

In Japan, cryptocurrency exchanges face rigorous regulations, primarily focusing on the critical know-your-customer (KYC) protocols. These standards demand comprehensive identity verification, underscoring the need to deter potential money laundering activities.

In a recent statement, Hiroki Hasegawa, the helm at Liquid, shed light on their eKYC’s prowess. He accentuated the service’s “state-of-the-art facial recognition and adept ID document image recognition capabilities.”

A noteworthy facet of Liquid’s eKYC is its adaptability. The crypto sector necessitates such flexible solutions. Powered by AI, Liquid’s facial authentication stands unparalleled. It ensures seamless identity validation, aligning with each nation’s legal and security parameters.

Binance’s Transition and its Commitment to eKYC Compliance

Earlier this year, Binance signified its intent to withdraw support for its Japanese clientele on the global front by November 30. Such a move facilitates a smoother transition, granting Japanese users adequate time to navigate the KYC maze. It also enables them to shift to the Binance Japan platform, aligning with all compliance measures.

Takeshi Chino, steering the ship for Binance Japan, emphasized the gravity of adhering to Japan’s rigorous KYC mandates. He said, “Binance’s impending launch in Japan underscores our commitment to impeccable safety and unwavering compliance. Partnering with Liquid fortifies our resolve.”

Japan’s Vision for the Web3 Industry

Despite the formidable regulations, there’s optimism in Japan’s corridors of power. Prime Minister Fumio Kishida recently unveiled his aspirations for the burgeoning web3 sector. At a pivotal conference, he expressed, “We’re keen on rejuvenating the web3 realm. I envision a future teeming with innovative projects.”

As Binance gears to re-establish its foothold in Japan, the partnership with Liquid demonstrates a steadfast commitment to top-tier security and strict adherence to regulatory standards. It exemplifies the growing symbiosis between technology and regulatory frameworks in the rapidly evolving world of cryptocurrencies.

The post Binance Partners with Liquid for Controversial eKYC Authentication in Japan appeared first on CryptoMode.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Daily $3,000 Income Attracts Investors to APT Miner After XRP and ETH Soar

Los Angeles, California, August 25, 2025, ZEX PR WIRE- As XRP and ETH prices continue…

11 hours ago

$8500 per day? That’s how much XRP holders can earn through blockchain cloud mining!

Start your journey to wealth with one click. London, England, 25th August 2025, ZEX PR…

11 hours ago

Sunny Mining Unveils Weekend Incentive Contracts for Short-Term Crypto Profits

Los Angeles, California, 22nd August 2025, ZEX PR WIRE, As digital assets gain increasing attention,…

4 days ago

Price pullbacks are no longer the end: APT miners help XRP investors lock in daily gains

Los Angeles, California, 22nd August 2025, ZEX PR WIRE, After XRP once again fell below…

4 days ago

Irys Raises $10M Series A to Unlock $3 Trillion Data Economy With First Programmable Datachain

CoinFund-Led Round Accelerates Institutional Adoption of Infrastructure For Datachains London, UK, Aug 22, 2025, ZEX…

4 days ago

BJMINING Attracts Thousands of New Users Amid Crypto Rally, Delivering $7,000 Daily Returns

London, UK, 22nd August 2025, ZEX PR WIRE- With the launch of Bitcoin and Ethereum…

4 days ago