Bybit, the second-largest cryptocurrency exchange globally, has made a significant announcement regarding its operations in Japan. The exchange will halt the onboarding of new users in the country as part of its commitment to adhere to local regulations. According to the assessment of specialists presented in the publication, this move reflects the increasing scrutiny faced by crypto platforms in the region.
Bybit's Compliance with Japan's Financial Services Agency
Effective from October 31, 2025, at 12 PM UTC, Bybit's decision is driven by the need to comply with the guidelines established by Japan's Financial Services Agency (FSA). The exchange is prioritizing a thorough review of local regulatory requirements to align its services with the standards expected by Japanese authorities in the future.
Impact on Current Users in Japan
Current users in Japan will not face any immediate changes to their accounts or services. Bybit has assured its existing clientele that it will keep them informed about any future developments or additional measures that may be implemented. The company has expressed its gratitude to its Japanese users for their understanding and continued support during this transition.
In a notable development, SBI Holdings has surpassed 10 trillion yen in assets under management, showcasing its growth amidst the evolving landscape of financial regulations affecting companies like Bybit in Japan. For more details, see SBI Holdings.
