- Japan‘s FSA requests Apple and Google to block downloads of five major unregistered crypto exchanges.
- Apple has already complied with the request, removing the apps from its Japanese App Store on February 6.
- Target exchanges include major players like Bybit, MEXC Global, LBank, KuCoin, and Bitget.
- The move reinforces Japan’s strict stance on cryptocurrency exchange regulation and compliance.
- FSA emphasizes this action aims to enforce compliance rather than restrict crypto investing.
Japan’s Financial Services Agency (FSA) has intensified its regulatory oversight by requesting tech giants Apple and Google to remove applications of five prominent unregistered cryptocurrency exchanges from their respective app stores, targeting Japanese users.
The regulatory action affects several major international exchanges, including Dubai-based Bybit Fintech, Singapore-headquartered MEXC Global and Bitget, Seychelles-registered KuCoin, and LBank Exchange. According to Nikkei’s report, Apple has already implemented the restrictions, removing the applications from its Japanese App Store on February 6.
The FSA’s stance reflects Japan’s comprehensive regulatory framework for cryptocurrency exchanges, established following the notorious Mt. Gox hack in 2014. Under Japanese law, cryptocurrency exchanges must register with the FSA and comply with strict operational and security requirements to serve Japanese customers.
FSA officials clarified that this enforcement action is not aimed at restricting cryptocurrency investment broadly, but rather at ensuring all platforms serving Japanese users operate within the established regulatory framework. “This is about drawing a line in the sand for noncompliant exchanges,” the agency emphasized.
This regulatory action follows Japan’s consistent pattern of maintaining strict oversight of cryptocurrency operations, positioning itself as one of the world’s most regulated crypto markets. The move particularly impacts retail investors who rely on mobile applications for their trading activities.
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