Bitget to exit Japan, close remaining positions after Dec. 31
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Crypto exchange Bitget announced it will stop providing services to residents of Japan, phasing in account restrictions from November 1 and forcibly closing any remaining positions on December 31. The exchange has already halted new registrations from Japanese residents. Users must complete Level 2 identification by November 1 to avoid being classified as residents of Japan, which would subject their accounts to restrictions.
Why it matters
This development highlights regulatory pressure from Japanese authorities on unregistered crypto service providers. Bitget's exit reflects enforcement actions that are influencing how crypto exchanges operate in Japan, with implications for market access and compliance in the region.
Key context
Bitget has received warnings from Japanese regulators, including the Financial Services Agency (FSA) in March 2023 and again in November 2024, over allegedly providing crypto services without registration. In June 2025, the Kanto Local Finance Bureau also warned BTG Technology Holdings Limited, associated with Bitget, for soliciting derivatives transactions without registration. Japan recently passed a crypto overhaul to bring digital assets under financial regulations.
Key numbers and entities
Bitget; Japanese Financial Services Agency (FSA); BTG Technology Holdings Limited; Kanto Local Finance Bureau; account restrictions starting November 1; forced position closures after December 31; Level 2 identification requirement by November 1.
What remains unclear
The source does not flag open questions or provide further details on user protections or the process for asset management beyond stating users will receive instructions by email.