{"id":62091,"date":"2025-10-30T19:07:44","date_gmt":"2025-10-30T19:07:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bybit-suspends-new-japanese-accounts-ahead-of-stricter-fsa-rules\/"},"modified":"2025-10-30T19:07:44","modified_gmt":"2025-10-30T19:07:44","slug":"bybit-suspends-new-japanese-accounts-ahead-of-stricter-fsa-rules","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bybit-suspends-new-japanese-accounts-ahead-of-stricter-fsa-rules\/","title":{"rendered":"Bybit suspends new Japanese accounts ahead of stricter FSA rules"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/Bybit-suspends-new-Japanese-accounts-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/Bybit-suspends-new-Japanese-accounts-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/Bybit-suspends-new-Japanese-accounts-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/Bybit-suspends-new-Japanese-accounts-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>From October 31, 2025, Bybit will not be accepting new user sign-ups in Japan.<\/li>\n<li>Japan\u2019s FSA plans to classify crypto assets as financial products.<\/li>\n<li>Japan is weighing allowing banks to hold and trade cryptocurrencies.<\/li>\n<\/ul>\n<p>Bybit, the world\u2019s second-largest cryptocurrency exchange by trading volume, is suspending new user registrations in Japan starting October 31, 2025.<\/p>\n<p>The move comes as the country\u2019s Financial Services Agency (FSA) prepares to implement tighter regulations that could reclassify crypto assets as financial products.<\/p>\n<p>The exchange said the suspension is part of its \u201cproactive approach\u201d to align with Japan\u2019s evolving legal framework.<\/p>\n<p>Bybit pauses onboarding of new Japanese users.<\/p>\n<p>Beginning at 12 p.m. UTC on October 31, Bybit will halt the creation of new accounts for Japanese residents and nationals.<\/p>\n<p>Existing users, however, will continue to have full access to all services for the time being.<\/p>\n<p>In a <a href=\"https:\/\/chainwire.org\/2025\/10\/30\/bybit-to-pause-new-user-onboarding-in-japan\/?mfk=v%5B%E2%80%A6%5DIGntBjJxnl96h3ehQfx1kuDN4U981qVWk%2F%2BgHb6Rq9Bo0QW377z7lchO2f\">statement<\/a>, Bybit said it remains committed to operating \u201cresponsibly and in compliance with local laws and regulatory expectations.\u201d<\/p>\n<p>The company added that the pause will allow it to focus on reviewing local requirements and determining how to meet the new standards being drafted by the FSA.<\/p>\n<p>This announcement comes amid growing scrutiny of global exchanges by Japanese regulators, who have been tightening oversight to protect investors and ensure transparency.<\/p>\n<h2>FSA prepares sweeping crypto reforms<\/h2>\n<p>Japan\u2019s Financial Services Agency is preparing sweeping changes that could reshape how crypto is regulated in the country.<\/p>\n<p>Japan\u2019s crypto market has grown rapidly, with more than 12 million registered accounts as of early 2025.<\/p>\n<p>Despite this growth, the FSA remains cautious about retail investor exposure.<\/p>\n<p>About 80% of domestic accounts hold less than \u00a5100,000 ($670), raising concerns about the risks faced by small investors relying on limited information.<\/p>\n<p>In August, the FSA established a new \u201cCrypto Assets and Innovation Division\u201d to monitor the fast-evolving industry while promoting responsible innovation.<\/p>\n<p>The FSA now plans to amend the Financial Instruments and Exchange Act (FIEA) in 2026, reclassifying cryptocurrencies from a \u201cmeans of settlement\u201d to \u201cfinancial products.\u201d<\/p>\n<p>This shift would give regulators greater power to investigate and penalise insider trading and market manipulation in the crypto market.<\/p>\n<p>A working group within the FSA is also drafting Japan\u2019s first legal definition of insider trading in crypto, which could soon make it a punishable offence.<\/p>\n<p>These developments mark a decisive step toward aligning Japan\u2019s crypto oversight with that of its traditional securities markets.<\/p>\n<p>At the same time, the FSA is considering allowing banks to hold cryptocurrencies such as <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> for investment purposes.<\/p>\n<p>If approved, this would reverse a 2020 restriction and open the door for banks to participate in crypto trading and custody services under strict risk and capital requirements.<\/p>\n<h2>A challenging year for Bybit<\/h2>\n<p>Bybit\u2019s suspension in Japan follows what has been one of the company\u2019s most turbulent years.<\/p>\n<p>In February 2025, the exchange suffered a $1.5 billion hack, one of the largest in the industry\u2019s history, reportedly linked to North Korea\u2019s Lazarus Group.<\/p>\n<p>In the aftermath, Bybit intensified its compliance efforts, introducing monthly proof-of-reserve reports and expanding third-party audits to reassure users and regulators.<\/p>\n<p>Independent auditor Hacken later confirmed that Bybit\u2019s reserve ratio remained above 100% following the incident, easing customer concerns.<\/p>\n<p>The exchange\u2019s heightened transparency and regulatory cooperation mirror Japan\u2019s broader expectations for crypto firms.<\/p>\n<p>Bybit\u2019s approach aligns with the FSA\u2019s emphasis on accountability, financial soundness, and investor protection.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bybit-suspends-new-japanese-accounts-ahead-of-stricter-fsa-rules\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) From October 31, 2025, Bybit will not be accepting new user sign-ups in Japan. Japan\u2019s FSA plans to classify crypto assets as financial products. Japan is weighing allowing banks to hold and trade cryptocurrencies. Bybit, the world\u2019s second-largest cryptocurrency exchange by [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":62092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62091"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=62091"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/62092"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=62091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=62091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=62091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}