Bybit Halts New User Registration in Japan

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a pause on new user onboarding in Japan, prioritizing compliance with local regulations and the evolving framework set forth by Japan’s Financial Services Agency (FSA). This strategic decision aligns with Bybit’s commitment to responsible operations within the Japanese market. The company intends to use this time for thorough review of regulatory requirements and the development of a tailored strategy to meet Japanese authorities’ expectations in the future.