Bybit announced it will gradually begin to reduce services for residents of Japan starting in 2026, implementing account restrictions according to a roadmap to comply with the country's legal regulations. Users identified as residents of Japan will be subject to restrictions in turn, while misidentified cases will be required to provide additional identification verification. Currently, Bybit is not registered with the Financial Services Agency of Japan (FSA), which requires cryptocurrency exchanges to have a local license to serve domestic users.
This move follows previous steps taken by Bybit, including the suspension of new user registrations in Japan starting in October, after discussions with the FSA. Previously, the FSA also requested Apple and Google to remove the apps of several unregistered exchanges, including Bybit.
In the context of Japan maintaining a very strict cryptocurrency regulatory framework, Bybit is expanding into other markets. The exchange has just returned to the UK market after a two-year hiatus and has obtained a license to operate a virtual asset platform in the UAE.
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Bybit will cease providing services to residents of Japan.
Bybit announced it will gradually begin to reduce services for residents of Japan starting in 2026, implementing account restrictions according to a roadmap to comply with the country's legal regulations. Users identified as residents of Japan will be subject to restrictions in turn, while misidentified cases will be required to provide additional identification verification. Currently, Bybit is not registered with the Financial Services Agency of Japan (FSA), which requires cryptocurrency exchanges to have a local license to serve domestic users.
This move follows previous steps taken by Bybit, including the suspension of new user registrations in Japan starting in October, after discussions with the FSA. Previously, the FSA also requested Apple and Google to remove the apps of several unregistered exchanges, including Bybit.
In the context of Japan maintaining a very strict cryptocurrency regulatory framework, Bybit is expanding into other markets. The exchange has just returned to the UK market after a two-year hiatus and has obtained a license to operate a virtual asset platform in the UAE.