- Bybit will begin limiting services for Japanese residents starting in 2026 to comply with local regulations.
- Users incorrectly flagged as Japanese residents must complete additional identity verification.
- Bybit suspended new registrations in Japan amid discussions with the Financial Services Agency (FSA).
- The exchange recently reentered the UK market through a partnership and secured a license in the UAE.
Bybit, a major cryptocurrency exchange, announced it will phase out services for Japanese residents beginning in 2026. This move is intended to comply with Japan’s regulatory framework, which requires crypto exchanges operating in the country to have local approval from the Financial Services Agency (FSA). Users classified as Japanese residents will face gradual account restrictions, and those mistakenly flagged will undergo additional identity checks. More details about the process will be communicated later, according to the company’s announcement.
Earlier, Bybit had paused new user registrations in Japan in October, citing ongoing discussions with the FSA. The regulator had also requested major app stores, including Apple and Google, to stop downloads of several unregistered crypto exchanges such as Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget. Japan enforces a strict regulatory environment for cryptocurrency exchanges to protect investors and ensure compliance.
Despite these restrictions in Japan, Bybit has resumed operations in the UK market after a two-year break. The exchange offers spot trading and a peer-to-peer service via a promotional agreement approved by Archax, rather than its own UK registration. Additionally, Bybit recently obtained a Virtual Asset Platform Operator License from the Securities and Commodities Authority in the United Arab Emirates, following an in-principle approval received eight months earlier.
At present, Bybit ranks as one of the largest crypto exchanges worldwide by daily trading volume, handling approximately $4.3 billion in trades over 24 hours, according to CoinGecko data. The company has not provided further comments regarding its ongoing regulatory adjustments.
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