Bybit to discontinue services for Japanese residents, citing regulations
Bybit will discontinue services for residents of Japan and begin implementing gradual account restrictions starting in 2026 to comply with local regulatory requirements. The exchange, which ranks among the world's largest by trading volume, had already paused new user registrations in Japan in October. This decision follows earlier pressure from Japan’s Financial Services Agency (FSA), which had requested Apple and Google to block downloads of unregistered exchanges, including Bybit. Japan maintains strict crypto regulations, which some industry figures say may be driving innovation abroad. Meanwhile, Bybit is expanding in other regions, including reentering the UK market and securing a license in the UAE.
cointelegraph12/23 07:59