Bybit Bows Out of Japan: Regulations Are a Bit of a Downer 🚫💰

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Bybit, the cryptocurrency exchange that’s probably more familiar with your bank account than your actual bank, has decided to phase out services for Japanese residents starting in 2026. Because nothing says “compliance” like gradually locking users out of their own funds, right? 🗓️🔒

The exchange, which isn’t registered with Japan’s Financial Services Agency (a requirement as strict as a librarian’s rules on quiet hours), claims it’s just following the rules. Or maybe it’s just tired of explaining why it’s not registered. 🧠🚫

“If you’re a Japanese resident, prepare for a slow-motion account meltdown starting 2026,” said Bybit, because who doesn’t love a good financial cliffhanger? 🎯

Bybit, the crypto giant that’s probably more familiar with your bank account than your actual bank, processes $4.3 billion in trades daily. But hey, at least it’s not trying to sell you a toaster. 🍞💸

Bybit halts new user registrations

Bybit’s recent decision to stop accepting new Japanese users is just the latest in a series of “strategic retreats.” Because nothing says “business strategy” like a dramatic exit from a market. 🎭

In October, Bybit claimed it was “discussing” regulations with Japan’s FSA. Meanwhile, the FSA was busy telling Apple and Google to ban unregistered exchanges. Because why have a fair fight when you can just block people? 🚫📲

Japan’s crypto rules are so strict, even the regulators are tired of them. Maksym Sakharov, a guy who probably knows more about blockchain than your average squirrel, said the rules are pushing innovation out of the country. Or maybe just out of the country’s coffee shops. ☕🚫

Bybit, ever the enigma, didn’t comment. Probably because it’s too busy recalculating its exit strategy. 🧮

Bybit reenters the UK

Meanwhile, Bybit is re-entering the UK with a “new platform” that’s basically the same thing but with a different label. Because why register properly when you can just “operate under a promotions arrangement”? 🤝

Bybit also got a license from the UAE. Because nothing says “global dominance” like getting a permit in a country that’s probably still figuring out how to spell “cryptocurrency.” 🌍🔐

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2025-12-23 11:45