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Author Topic: Binance - from Asia to Europe?  (Read 122 times)
Voidcrafter
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June 15, 2018, 09:25:59 AM
 #21

That's not very good news. I think that the Binance exchange does not want to pay taxes, that's why he left the country where the rules on taxation and regulation of cryptocurrency were introduced. For Japan, this is the right decision, because it stabilizes their economy. Because of last year's events in 2017, when the influx of foreign currency went very large, and the state in the Treasury a penny. Then for the country's economy is a complete zero. Then what is the interest in giving this opportunity for free??? Earlier I heard that in Japan there are restrictions on transfers of foreign currencies, over the limit, the tax is paid. I think that's right for they. And Binance and in the offshore zone will work well, do not worry about it.
By the way, and here is the same post on the forum where I saw this message.
https://bitcointalk.org/index.php?topic=3261749.0

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June 15, 2018, 09:50:52 AM
 #22

Companies are always looking for places which are best for their business, and in this case tax rate in Japan is too high for cryptocurrency business and they regulation are maybe too tightly for Binance. If someone offers you better business terms in another country why not accept that? This move will only enable company to allow users to buy/sell crypto with fiat, and that's something they miss in their business.

When this happens Binance will become serious competition to Coinbase, I guess many will switch to Binance for buying/selling crypto with fiat.


Voidcrafter, there is option to Edit Post, no need to quote yourself in new post just to add link.

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