Bybit’s pause comes as Japan’s FSA considers reforms that could allow banks to hold Bitcoin and operate licensed exchanges.
Bybit, the world’s second-largest crypto exchange by trading volume, has announced it will pause new user registrations in Japan starting Oct. 31, as it adapts to new regulations from the country’s Financial Services Agency (FSA).
The company said the move is part of its “proactive approach” to align with Japan’s emerging regulatory framework for digital assets, according to a Wednesday announcement.
“It has always been Bybit’s commitment to operate responsibly and in compliance with local laws and regulatory expectations,” the exchange said.
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