Bybit halts new user onboarding in Japan, citing ‘emerging’ regulations
Bybit is stopping new user registrations in Japan starting October 31, 2025, to comply with emerging digital asset regulations from the FSA.Summary
Bybit, the world's second-largest crypto exchange by trading volume, announced it will pause onboarding new users in Japan effective October 31, 2025. This decision is described as a proactive measure to align with Japan's evolving regulatory framework for digital assets as set by the Financial Services Agency (FSA). Existing Japanese customers will not be impacted, and all current services will remain operational. This development occurs as the FSA is reportedly considering reforms that could permit banks to hold Bitcoin and operate licensed crypto exchanges, aiming to integrate digital assets with traditional instruments. Some industry figures suggest that Japan's prescriptive regulatory culture, rather than taxes, is the primary driver pushing crypto innovation and liquidity offshore.
(Source：Cointelegraph)