Cryptocurrency Q&A
Is Bybit banned in Japan?
Is Bybit banned in Japan?
CryptoConqueror
Thu May 09 2024
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7 answers
1079
I'm curious about the status of Bybit in Japan. Could you please clarify if Bybit is banned in that country? Given the complexity of cryptocurrency regulations worldwide, I understand that each country has its own set of rules and policies regarding digital assets and trading platforms. Therefore, it's important for me to know if Bybit, as a cryptocurrency exchange, is operating legally in Japan or if there are any restrictions that prohibit its use. Could you please provide some insight into this matter? I'd appreciate any information you can share about the legality and accessibility of Bybit in Japan.
7 answers
benjamin_doe_philosopher
Sat May 11 2024
These exchanges are Bybit, MEXC Global, Bitforex, and Bitget.
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EnchantedSky
Sat May 11 2024
The FSA confirmed that these exchanges have violated the "Fund Settlement Act."
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KpopHarmonySoulMate
Sat May 11 2024
They have conducted their operations in a manner that does not comply with Japanese regulations.
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Riccardo
Sat May 11 2024
The Financial Services Agency (FSA) of Japan has issued a stern warning.
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SamuraiCourage
Sat May 11 2024
This action by the FSA underscores the importance of regulatory compliance in the cryptocurrency industry.
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