While cryptocurrencies gain global acceptance, Japan maintains a critical stance, implementing anti-crypto measures.
Japan's Actions Against Crypto Exchanges
The Financial Services Agency (FSA) of Japan has identified five crypto exchanges whose apps need removal from Apple and Google stores.
FSA's Demands on Apple and Google
According to local news agency Nikkei, the FSA has requested the deletion of apps from Bybit Fintech, MEXC Global, LBank Exchange, KuCoin, and Bitget.
Experts' Opinion on FSA's Decision
Experts suggest that this decision is not about stopping retail investments in cryptocurrencies but enforcing market rules.
“This move is not about shutting down crypto investment. They just require compliance. It ensures investor protection from chaos like the Mt. Gox crisis.”blockchain expert Anndy Lian
Thus, Japan continues to shape its regulatory stance on cryptocurrencies with a focus on protecting its citizens.
