Bybit suspends new user registrations in Japan due to new FSA regulations.
Bybit – the world's second largest cryptocurrency exchange by volume – has just officially announced that it will temporarily stop accepting new users in Japan from October 31, 2025, to adjust its operations in accordance with new regulations from the Japanese Financial Services Agency (FSA).
The move to "proactively adapt" to the new legal framework
According to an announcement from Bybit, this decision is part of Japan's strategy to "proactively adapt to the emerging legal framework" for digital assets. The exchange representative said:
Notably, existing users in Japan will not be affected. All services in use will continue to operate normally, and Bybit said it will update further information as discussions with the FSA progress.
Japan XEM Allowing Banks to Hold Bitcoin
At the same time, Japanese financial authorities are considering a landmark reform: allowing banks to buy, hold and operate cryptocurrency transactions like Bitcoin – currently at more than $106,000 / BTC.
According to sources within the FSA, the proposal will be discussed at the upcoming Financial Services Council meeting. The goal is to bring digital assets into the same legal framework as stocks and government bonds, allowing the traditional financial system to participate more deeply in the crypto sector.
