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Bybit, the worlds second-largest crypto exchange by trading volume, has announced it will pause new user registrations in Japan starting Oct. 31, as it adapts to new regulations from the countrys Financial Services Agency.
The company said the move is part of its proactive approach to align with Japans emerging regulatory framework for digital assets, according to a Wednesday announcement.
It has always been Bybits commitment to operate responsibly and in compliance with local laws and regulatory expectations, the exchange said.