Japan FSA flags Binance, Bybit, others for operating without registration
Japan's FSA warns Binance, Bybit, MEXC Global and BitForex, among others, for unregistered operations as it cracks down on crypto exchanges in Japan. In a warning letter released on Friday, Japan's Financial Services Agency (FSA) said that a number of foreign cryptocurrency exchanges, including Binance, Bybit, MEXC Global and Bitget, have been conducting business in the country without proper registration , violating the nation's fund settlement laws. According to the warning letter, the FSA stated that the listed Exchanges had breached Japan's fund settlement regulations by conducting crypto asset exchange business without proper registration . The regulator clarified that the current list of unregistered traders may not accurately represent the current state of unregistered businesses. The FSA’s action follows a crackdown on unregistered crypto exchanges in the east Asian nation. In 2020, the FSA introduced new regulations requiring crypto exchanges to register with ...