Japan Financial Services Agency( FSA), operating in the country Bybit, Bitget, MEXCAnd BitForexwarns of unregistered transactions.
Japan Financial Services Agency,In a statement released on March 31, it said it had warned four exchanges in the country for doing business without proper registration and violating the country’s payment of funds laws. FSA, also before BybitHe had issued an official warning notice to .
Japan Continues to Work on Regulations
The regulator said in a statement that the list of unregistered investors does not reflect the current state of unregistered businesses.
Japancurrently cryptocurrencies and Web3Although it is working on new regulations for its sectors, USAdid not put as much pressure on the industry as its regulators.
Cryptocurrency platform Binance and its founder Changpeng Zhao recently United States Commodity Futures Trading Commission (CFTC) sued for US regulatory violations. Two years ago, Binance received a warning for providing unregistered services to users in Japan.
Due to this regulatory pressure and uncertainty, many cryptocurrency platforms are planning to cease their activities in the USA.
