Japan’s Financial Services Agency (FSA) has requested Apple and Google to block downloads of crypto exchange apps operating in the country without proper registration, local media reported on Feb. 7.
According to sources familiar with the matter, Apple removed the apps from its App Store in response, while Google has not yet commented on whether it will follow suit. This is the first time the Japanese regulator has made such a request.
The targeted exchanges include Bybit and MEXC Global. Three other overseas exchanges were also identified but have not yet been publicly named.
According to Japan’s Payment Services Act, crypto exchanges must register with the FSA to operate legally in the country. This requirement ensures compliance with anti-money laundering (AML) and investor protection laws.
FSA crackdown
The FSA has long been tightening regulations on crypto exchanges, requiring them to adhere to strict know-your-customer (KYC) and AML rules.
The agency had previously issued rep
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