Bybit to Limit Access for Japanese Users Starting 2026

Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced on Monday that it will begin restricting access to its services for Japanese residents starting in 2026 to comply with the country's stringent financial regulations. The move affects users in Japan, one of Asia's most active crypto markets, and involves a phased rollout of account limitations rather than an abrupt shutdown.

The exchange, which processes billions of dollars in daily trades, stated that the restrictions stem from its lack of registration with Japan's Financial Services Agency, the body overseeing cryptocurrency operations. Japanese law requires platforms serving local users to register and adhere to rules on customer protection, asset segregation, anti-money laundering measures, and operational safeguards. Bybit emphasized that the process will unfold gradually, with affected users receiving detailed instructions to manage their accounts and prepare for the changes. "If you're a resident of Japan, please note that starting from 2026 your account will be subject to gradual restrictions," the company said in its official statement. "You'll receive additional updates on the...