The Japanese Financial Services Agency (FSA) has issued a warning to the crypto exchange Bybit for performing without a license.
The regulator did not specify whether it plans to make any claims to the trading platform.
In February 2021, Bybit received a similar warning from the UK Financial Conduct Authority. In March, the exchange announced that it would stop serving the country's residents.
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In 2018, the FSA warned Binance to obtain a license to continue operating in Japan.
At the same time, the regulator tightened the process of checking risks when opening new cryptocurrency exchanges.
As a reminder, in April 2021, the FSA announced the addition of the FATF anti-money laundering and counter-terrorism financing guidelines for local cryptocurrency companies.