FSA warning-letter issuance system for unregistered foreign crypto-asset exchanges
ConfidenceLikelyUpdated2026-07-29Review by2027-01-29Sources2Machine-translatedOriginal (JA)
Wiki route
This entry sits under exchanges index. Read it against FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for peer / contrast context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system / regulatory boundary.
System overview
Japan’s crypto-asset exchange-service registration regime started in April 2017. Registration is required to provide services in Japan for exchanging crypto-assets and fiat currency. The FSA publishes a list of unregistered overseas operators, including operators of unknown location, to which it has issued warning letters, along with individual notices.
This page limits its history to major warning rounds that can be checked directly in FSA notices. It does not infer post-warning service availability, app distribution, incorporation, or withdrawal from this static table.
Major warning rounds documented in FSA notices
Source: The entire table is based on individual notices on the FSA’s Crypto-assets and electronic payment instruments page and its list of warned unregistered overseas operators, checked on 2026-07-29.
| Publication date | Operator named by the FSA |
|---|---|
| 2018-03-23 | Binance |
| 2020-06-26 | Bitforex Limited |
| 2021-05-28 | Bybit Fintech Limited |
| 2021-06-25 | Binance Holdings Limited |
| 2023-03-31 | Bitget Limited / MEXC Global / Bybit Fintech Limited / Bitforex Limited |
| 2024-06-14 | LBank Exchange |
| 2024-11-28 | KuCoin / bitcastle LLC / Bybit Fintech Limited / MEXC Global / Bitget Limited |
Related
- global-vasp-regulatory-comparison-matrix — Global VASP regulatory comparison matrix
- jp-vasp-regulatory-timeline — JP VASP regulatory timeline
- fsa-business-improvement-orders-history — FSA business-improvement order history
Source: FSA “Crypto-assets and electronic payment instruments” page and the list of unregistered overseas operators.
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