- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will halt new user registrations in Japan starting October 31, 2025.
- This pause aligns with new regulations from Japan’s Financial Services Agency (FSA) aimed at tightening digital asset rules.
- Existing Japanese users of Bybit will continue to have access to current services without interruption.
- Japan’s FSA is considering letting banks hold cryptocurrencies like Bitcoin and operate licensed crypto exchanges under proposed regulatory reforms.
- Regulatory challenges in Japan are cited as a key reason for crypto innovation shifting offshore, beyond proposed taxation policies.
Bybit announced it will stop accepting new customer registrations in Japan from October 31, 2025. This decision is made as the exchange adjusts to new rules introduced by Japan’s Financial Services Agency (FSA) for digital assets.
The company described this step as part of its proactive approach to comply with Japan’s emerging regulations. Bybit reaffirmed its commitment to follow local laws, ensuring that existing customers in Japan will not face service disruptions at this time.
Japan’s FSA has been actively considering reforms to allow banks to buy, hold, and trade cryptocurrencies such as Bitcoin. These proposals aim to regulate digital assets similarly to traditional financial instruments like stocks and bonds. The new framework may require banks to meet capital and risk management standards to address cryptocurrency market volatility.
The regulatory changes suggest an effort to broaden institutional participation in Japan’s digital asset space. Meanwhile, crypto innovators note that Japan’s strict approval processes and regulatory hurdles, rather than taxes alone, are causing startups and liquidity to move overseas. Maksym Sakharov, CEO of a decentralized banking firm, emphasized that Japan’s cautious regulatory culture hinders domestic crypto growth, even if a 20% flat tax on crypto gains is introduced.
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