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The Japanese finance office issued a warning Friday on the unregistered operation of the encrypted currency exchange, Binance, in Hongkong. This is the latest action by regulators to tighten regulatory standards in the country's digital currency industry.
The financial office said in a statement that it had warned the Binance that the latter was unauthorized to conduct business to the Japanese people through the Internet. Binance is one of the largest encrypt currency exchanges in the world.
The finance department said that Binance may allow Japanese residents to open non real accounts, and added that if the exchange continues to operate without permission, it will face criminal charges.
Binance did not respond immediately to the request for comment.

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