Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator that handles banking, securities and exchange, and insurance sectors within the economy has recently issued a warning to Bybit Fintech Limited. Bybit is a crypto derivatives exchange that offers....
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The warning comes in response to Bybit’s marketing campaign that reportedly targeted Japanese investors. Singapore-based Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, has allegedly been running unregistered crypto services in Japan, according to an official warning.The Japan Financial Services Agency issued a formal warning letter to Bybit stating that the firm is not registered to operate crypto services in the country.The warning comes in response to Bybit’s marketing campaign that reportedly targeted Japanese investors, according to Norbert....
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to Complete Systematic KYC Policy by July 12 The cryptocurrency derivatives exchange Bybit plans to introduce a systematic KYC element to the platform by July 12. The exchange is letting customers....
Crypto exchange giant Binance is the latest platform to receive a warning from regulators in Japan for operating in the country without a license. Crypto trading platform Binance may once again be heading for a standoff with financial regulators in Japan.On Friday, the Financial Services Agency (FSA) issued a warning to Binance, accusing the company of offering crypto exchange services in the country without registration. The agency also served a similar warning to crypto derivatives trading platform Bybit back in May.After China banned crypto trading back in 2017, Binance, along with many....
The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars. Crypto derivatives exchange Bybit has partnered with stablecoin issuer Circle Internet Financial to expand its suite of spot trading pairs denominated in USD Coin (USDC) — a move the company says will increase retail and institutional access to USDC-settled products. Under the partnership agreement, Bybit will expand its USDC spot pairs to include several additional cryptocurrencies and make auto....
Bybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. Termination Is In Response To Chinese Authorities Crypto Crackdown Bybit, a prominent crypto derivatives exchange based in China, has announced that all accounts registered with a Chinese phone […]