Bybit Exchange Limits Services in Japan Amid Tightening Crypto Regulations

Cryptocurrency exchange Bybit has announced it will restrict access for users based in Japan, citing increasing regulatory pressure. The move highlights the ongoing global shift towards stricter oversight of digital asset platforms. Bybit stated that it is taking proactive steps to align with evolving regulatory expectations in the Japanese market. Existing Japanese users will be guided through the process, which may involve winding down accounts or transferring assets. This development follows similar actions by other exchanges in response to national regulatory frameworks. The situation underscores the importance of compliance for crypto businesses operating internationally.