Bybit временно прекращает регистрацию новых пользователей в Японии в ответ на требования регулятора Translation: Bybit Temporarily Suspends New User Registration in Japan in Response to Regulators Requirements

Starting from October 31, the cryptocurrency exchange Bybit will limit the registration of new users in Japan. The platform aims to comply with the new regulations set by the FSA.

The company referred to this decision as a «proactive approach» to adhering to digital asset regulations.

«Bybit has always been committed to operating responsibly and in compliance with local laws and regulations,» the exchange stated.

Existing customers from Japan will not be affected by these restrictions, and all services will continue to be available to them. The company pledged to provide updates as it engages in discussions with the regulator.

Previously, the FSA announced that it is reviewing reforms that would allow banks to store cryptocurrencies like Bitcoin and operate licensed exchanges. The goal is to equate digital assets with traditional instruments such as stocks and government bonds.

The agency is expected to develop a framework for managing risks associated with cryptocurrency volatility, which could pave the way for broader institutional acceptance in Japan’s banking sector.

It is worth noting that in August, Japan’s Finance Minister Katsunobu Kato acknowledged that cryptocurrencies could be a part of diversified investment portfolios.

In October, the Japanese startup JPYC launched the world’s first “stablecoin” pegged to the yen.