five from japan crypto para A warning came to the stock exchange.
Japan’s Financial Services Agency (FSA) today issued warning letters to five overseas cryptocurrency exchanges that have not registered.
According to local news agency Coinpost Japan FSA warned five cryptocurrency exchanges: KuCoin, bitcastle, Bybit, MEXC Global and Bitget.
“Operating a cryptocurrency exchange in Japan requires registration with the Financial Services Agency and the Local Finance Bureau, but these exchanges appear to be providing services to Japanese users without permission,” the warning read. statements were included.
Since unregistered exchanges are not subject to FSA supervision, it is not possible to check whether customer assets are protected by the authorities in case of problems or unforeseen events. In addition, FSA added that people holding money in these exchanges are outside the scope of legal guarantees such as protection and compensation under Japanese law.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/japonyadan-bes-kripto-para-borsasina-uyari/
