Japan Tells Apple and Google to Yank These 5 Crypto Exchange Apps

• Japan’s FSA enforces compliance rules on crypto exchanges.
• The FSA asked Apple and Google to disable non-compliant apps.
• The regulatory move does not target retail crypto investment.

Japan’s Financial Services Agency (FSA) has told Apple and Google to stop offering app downloads for five crypto exchanges, including Bybit, MEXC, LBank, KuCoin, and Bitget. This is all about compliance.

According to the agency, the action had nothing to do with trying to stop crypto investing. Instead, it aims to enforce already existing compliant requirements to ensure exchanges operating within the region do so under the defined rules. 

Related: Japan’s FSA Cracks Down on Unregistered Crypto Exchanges

Although the FSA issued the restriction order in the previous week, Apple reportedly implemented the order on February 6. The telecommunications giant has removed the applications of the affected exchanges from its App Store, restricting downloads in the Japanese region.

Japan’s Cautious Approach vs. Hong Kong’s Embrace

Notably, Japan has been more cautious in its approach to the crypto industry than other parts of Asia. For example, the country has yet to decid…

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