Bybit to restrict access for Japanese residents

The second-largest cryptocurrency exchange by trading volume, Bybit, announced it will begin restricting access to its services for residents of Japan starting next year to comply with the country's strict financial regulations. While the specific services affected were not detailed, Bybit stated that impacted users will receive further communication as the restrictions are rolled out. Japan enforces some of the world's most stringent crypto rules, requiring exchanges to register with the Financial Services Agency and adhere to strict guidelines on customer protection, asset segregation, and anti-money laundering. Failure to meet these standards often results in market exit. This move follows Bybit's recent return to the U.K. market after a two-year absence due to stricter marketing rules there.

(Source：CoinDesk)