Facts or speculations? Did Binance receive warnings from Japanese regulators?
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Red is the main color of today: BTC/USD is down 3.5% on the day. šThe sell-off, triggered by a bunch of technical factors, was intensified by speculations that Binance exchange was ordered to shut down operations in Japan for failing to register with the Financial Services Authority (FSA).
But donāt hurry up to sell of your assets - Changpeng Zhao, founder of Binance, has already rejected this information, saying that Binance is currently leading constructive dialogs with JFSA, that there were no any official orders, and that journalists showed irresponsibility once again.
But there is hardly smoke without a fire. What did actually happen? Of course, the Japanese regulator is unlikely to make an ultimatum, forcing Binance to obtain license first and then trade. But FSA did tell Binance to get a license. Media exaggerated this data to make it more clickable, which led to a little panic and another drawdown of the Bitcoin. Binance CEO denied everything to save the face.
That was just another one small performance dedicated to media manipulations on the market. šThanks to those, who didnāt participated in FUD!