Apple has removed the apps of several cryptocurrency exchanges, including Bybit, Bitget, MEXC, KuCoin, and Bitcastle, from the Japanese App Store. This follows warnings issued by Japan’s Financial Services Agency (FSA) in November 2024, reinforcing the country’s stringent approach to cryptocurrency regulation.
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Why Were These Crypto Apps Removed?
The FSA has been actively monitoring and enforcing compliance among cryptocurrency exchanges operating in Japan. The removal of these apps suggests that they may have failed to meet the regulatory requirements set by Japanese authorities. While existing users may still have access to their apps, new downloads are currently restricted.
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What’s Next for Crypto Users in Japan?
Crypto traders in Japan should stay updated on regulatory changes and ensure they use platforms that are legally compliant. For those looking for alternatives, checking the list of FSA-registered exchanges (FSA official site) is advisable.
This move reflects Japan’s ongoing efforts to enhance investor protection and maintain financial security in the crypto space. For further details, read the full coverage on CryptoNews and ChainCatcher.
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