On the 28th, the Japanese Financial Services Agency warned against Bybit Fintech Limited, a foreign company that operates an unregistered cryptographic asset exchange business for residents of Japan. Coinpost reported this.
According to the warning, the company was doing a cryptocurrency exchange business for Japanese residents over the Internet. Bybit operates a derivatives cryptocurrency exchange.
In addition to the Japanese language service, the website also confirmed recommendations in Japan through affiliate programs.
The Financial Services Administration has been strengthening the surveillance of unregistered businesses for cryptocurrency leaks through coin check since 2018. At that time, it was reported that the Financial Services Administration, the Police Agency, and the Consumer Agency held a meeting at the level of the director to confirm the strengthening of the connection.
(The 28th day of the year, Japanese nationals have a lot of money, and I’ve got a lot of money for it.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.