MEXC Global — overseas unregistered crypto-asset exchange operator (Japan FSA warnings 2 times)
ConfidenceLikelyUpdated2026-07-29Review by2027-01-29Sources5Machine-translatedOriginal (JA)
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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for adjacent context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system boundary.
No Japan FSA registration · JVCEA non-member · received warning letters 2 times as an unregistered operator (2023-03-31・2024-11-28)
1. Corporate entity / shareholders
- Name in the FSA warning letters: MEXC Global
- Location in the FSA warning letters: Republic of Singapore
- Representative field: “unknown” in the 2023-03-31 warning and John Chen Ju in the 2024-11-28 warning
This section is limited to corporate-identification details confirmed in the FSA warning letters and does not infer legal form, establishment date, parent company, listing status, or ownership ratios.
2. Licensing / registration status
- Japan FSA (crypto-asset exchange business): Unregistered
- No registration as a crypto-asset exchange operator under Japan’s Payment Services Act
- JVCEA membership: Non-member (neither Type 1 nor Type 2 applicable)
On the grounds that it provides services to Japanese residents, the Financial Services Agency issued warning letters in 2023 年 and 2024 年 (see §6 ).
3. Handled currencies
The FSA warning materials do not describe MEXC’s supported assets or product mix. This entry therefore does not infer an asset count or the later availability of products to Japan residents.
4. Scope of business
- The FSA warning materials do not enumerate MEXC’s products, fees, leverage, or funding functions. This entry is limited to the regulatory fact of unregistered business at the warning dates and does not freeze a current product list.
5. Market share / trading volume
- The FSA warning materials contain no comparable figures for MEXC’s Japan trading volume, account count, or market share. This entry does not infer a global rank or a Japan-market position.
6. History / major incidents
The table includes only Japan-facing warnings confirmed in the FSA publication “Issuance of Warning Letters to Crypto-Asset Exchange Operators, etc.” It is not a table of MEXC’s complete corporate history, products, or user scale. ^[Source: https://www.fsa.go.jp/policy/virtual_currency02/index.html.]
| Period | Item |
|---|---|
| 2023-03-31 | Financial Services Agency issued its 1 -th warning letter. Notified that it was conducting crypto-asset exchange business without registration, targeting Japanese residents. In that document, the representative was listed as “unknown” and the location as “Republic of Singapore” |
| 2024-11-28 | Financial Services Agency issued its 2 -th warning letter. Same reason. The representative was listed as “John Chen Ju” and the location as “Republic of Singapore.” On the same day, KuCoin, bitcastle LLC, Bybit, and Bitget were also warned simultaneously |
Japanese regulatory position: The two FSA materials state that, at each warning date, MEXC was conducting unregistered crypto-asset exchange business with Japan residents as counterparties. This entry does not infer later terms-of-use or access availability.
7. Strategic developments
- The FSA publication lists warnings to MEXC for unregistered business on 2023-03-31 and 2024-11-28. This entry does not infer later Japan-facing service or registration steps from that material alone. Same-date warning targets include KuCoin and Bitget; see FSA overseas exchange warning system for context.
8. Related persons
- John Chen Ju: Named as the representative of MEXC Global in the FSA warning dated 2024-11-28.
Related
- japan-financial-regulation — Japanese financial regulation overall
- jp-foreign-exchange-bybit — Overseas exchanges that have likewise received multiple FSA warnings
- jp-foreign-exchange-kucoin — Similar unregistered overseas exchanges
- jp-foreign-exchange-bitget — Likewise warned by the FSA in 2023・2024 年
- fsa-foreign-exchange-warning-system — FSA overseas-exchange warning regime
- global-vasp-regulatory-comparison-matrix — Global VASP regulatory comparison matrix
- jp-vasp-regulatory-timeline — JP VASP regulatory timeline
Sources
- FSA crypto-asset / electronic payment instruments related page (list of warning letters) (retrieved 2026-05-19)
- Warning letter against MEXC Global (2024-11-28) PDF (retrieved 2026-05-19)
- Warning letter against MEXC Global (2023-03-31) PDF (retrieved 2026-05-19)
- FSA list of names, etc. of unregistered operators Excel (retrieved 2026-05-19)
- Atarashii Keizai “Financial Services Agency warns overseas crypto-asset exchanges operating without registration” (2024-11-28 report, retrieved 2026-05-19)
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