The Japanese Financial Services Agency (FSA) has issued warnings to five unregistered cryptocurrency exchanges, including KuCoin and Bitget Limited, for operating without proper authorization and violating Japan’s regulation guidelines on cryptocurrency trading. The FSA emphasized the importance of registration for platforms engaging in crypto-related activities in order to protect consumers and maintain market integrity. Failure to comply with regulatory laws could result in fines, legal action, and potential bans from operating in Japan. This development may also prompt other countries to adopt similar measures and tighten regulations for overseas exchanges.



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