Bybit to discontinue services for Japanese residents, citing regulations

Cryptocurrency exchange Bybit announced it will gradually phase out services for residents of Japan starting in 2026 to comply with the country’s regulatory requirements. Users flagged as Japanese residents will face rolling restrictions, and those incorrectly flagged are asked to complete additional identity checks. Bybit is not registered with Japan’s Financial Services Agency (FSA), which mandates local approval for exchanges serving Japanese users. This move follows earlier actions in October when Bybit paused new user registrations in Japan amid discussions with the FSA. Japan maintains strict crypto oversight, and the FSA previously requested app stores suspend downloads of several unregistered exchanges, including Bybit. In contrast, Bybit is reentering the UK market under an approved arrangement and recently secured a Virtual Asset Platform Operator License in the UAE.

(Source：Cointelegraph)