Bybit Among Four Exchanges Flagged by Japan’s Regulator By DailyCoin
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© Reuters. Bybit Among Four Exchanges Flagged by Japan’s Regulator
- Japan warned four exchanges, including Bybit, for dealing with Japanese clients without registration.
- The FSA also flagged Bybit in 2021 and warned Binance twice.
- Japan was among the first countries to regulate crypto on a national level.
Crypto exchanges are under increased scrutiny everywhere, and the latest challenge comes from Japan.
On Friday, Japan’s Financial Services Agency (FSA) issued a warning to four crypto exchanges; Bybit, Bitget, BitForex, and MEXC Global. According to the regulator, the firms offered crypto exchange services to Japanese customers without registration.
The FSA added the four exchanges to its list of unregistered crypto exchanges that received a warning. However, the regulator highlighted that the list “does not necessarily indicate the current state of unregistered business.”
Bybit Flagged Before, Binance Flagged Twice
This was not…
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© Reuters. Bybit Among Four Exchanges Flagged by Japan’s Regulator
- Japan warned four exchanges, including Bybit, for dealing with Japanese clients without registration.
- The FSA also flagged Bybit in 2021 and warned Binance twice.
- Japan was among the first countries to regulate crypto on a national level.
Crypto exchanges are under increased scrutiny everywhere, and the latest challenge comes from Japan.
On Friday, Japan’s Financial Services Agency (FSA) issued a warning to four crypto exchanges; Bybit, Bitget, BitForex, and MEXC Global. According to the regulator, the firms offered crypto exchange services to Japanese customers without registration.
The FSA added the four exchanges to its list of unregistered crypto exchanges that received a warning. However, the regulator highlighted that the list “does not necessarily indicate the current state of unregistered business.”
Bybit Flagged Before, Binance Flagged Twice
This was not…
Continue Reading on DailyCoin
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