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Japan’s FSA enforces compliance regulations on crypto exchanges.
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The FSA has asked Apple and Google not to allow non-compliant applications.
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The regulatory action does not target crypto investments by retail investors.
The Financial Services Agency of Japan (FSA) has ordered Apple and Google to stop offering downloads for five crypto-exchanges, including Bybit MEXC LBank KuCoin Bitget. This is all about complying.
According to the agency’s statement, the action was not meant to stop crypto investments. It aims to enforce existing compliance requirements to ensure that exchanges operating in the region adhere to the defined rules.
Related: Japan’s FSA cracks down on unregistered crypto exchanges
Apple implemented the order reportedly on February 6, despite the fact that the FSA had issued the restriction order the week before. Apple has restricted downloads of the apps from the App Store for the affected exchanges.
Japan’s Cautious Approach vs. Hong Kong’s Embrace
Japan has shown greater caution in its approach towards the crypto industry compared to other parts of Asia. The country has not yet decided whether to approve crypto ETFs. Hong Kong has already approved spot Bitcoin ETFs and Ethereum ETFs. This shows their flexibility towards the crypto industry.
Some of the top crypto stakeholders in Japan are in agreement with the government’s decision. They note that the goal is not to shut down retail crypto investments. Anndy Lian is an intergovernmental blockchain expert who supports the regulator’s decision, calling it the “right thing to do.”
Lian says that Japan has always been at the forefront of digital asset regulation. He sees this latest move as an example of how the Japanese government prioritizes consumer protection and market integrity.
Japan’s Consistent Regulation Stance
The FSA is the agency that the Japanese government has entrusted with regulating the crypto industry. The agency released a new 2025 tax reform that would treat crypto as traditional financial assets.
RelatedJapan Considers Bitcoin Ether ETFs As Global Adoption Increases
The government is consistent in its assertion that regulation does NOT mean a war against crypto, but rather a push to improve investor safety and accountability.
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