The Financial Services Agency asks Apple and Google to remove apps from five cryptocurrency exchanges, Apple removes the apps
It has been reported that the Financial Services Agency has requested Apple and Google to block domestic access to the overseas unregistered cryptocurrency trading apps Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget. In response, Apple has removed the apps.
Financial Services Agency requests Apple to suspend unregistered cryptocurrency app for the first time - Nikkei
Bybit Announcement | Update for Our Japanese Language Users
https://announcements.bybit.com/article/update-for-our-users-residing-in-japan-blte5c830f7008333cf/
Japan's financial regulator asks Apple, Google to block unregistered crypto exchanges: report | The Block
https://www.theblock.co/post/339501/japan-apple-google-block-crypto-apps
Japan Wants Apple to Remove Unregistered Crypto Apps from App Store - The Mac Observer
https://www.macobserver.com/news/japan-wants-apple-to-remove-unregistered-crypto-apps-from-app-store/
The Financial Services Agency has reportedly requested Apple and Google to remove apps from five unregistered cryptocurrency exchanges from domestic app stores, and has made public the names of the companies targeted under the Payment Services Act.
Upon request, Apple removed the app in question. At the time of writing, there are no hits when searching for it in the App Store. The only hit for KuCoin is KuCoin Info - Crypto Tracker , but this is not a cryptocurrency trading app, but an app for checking cryptocurrency market prices.
Meanwhile, Google has not yet responded, and at the time of writing, five cryptocurrency trading apps are still available for download on Google Play.
Even if an app is removed from the app store, it cannot be erased from the device, so people who already have it installed can continue to use it, but it can prevent new users from using the app.
In a statement to its Japanese users after the report, Bybit said, 'We deeply apologize for any inconvenience caused. Please be assured that deposits, withdrawals and trading are fully operational and unaffected. We will continue to work closely with the authorities to ensure that we meet the expectations of local regulators. Our top priority is to provide our users with a best-in-class, reliable and secure crypto trading platform.'
Japanese financial authorities have adopted a strict policy on virtual currency transactions since the 2014 incident in which Mt. Gox , then the world's largest bitcoin exchange, was hacked and a large amount of bitcoin was leaked.
Will Mt. Gox, the world's largest Bitcoin exchange, disappear? - GIGAZINE
The FSA has previously advised the five cryptocurrency trading apps that it requested to be blocked, saying they were continuing to operate without registration, and this measure is said to be a response to their failure to heed repeated warnings.
About the unregistered cryptocurrency exchange operator (Bybit Fintech Limited)
(PDF file) https://www.fsa.go.jp/policy/virtual_currency02/bybit_fintech_limited_keikokushiryo.pdf
Regarding unregistered cryptocurrency exchange operators (MEXC Global)
(PDF file) https://www.fsa.go.jp/policy/virtual_currency02/mexc_global_keikokushiryo.pdf
Regarding unregistered cryptocurrency exchange operators (Bitget Limited)
(PDF file) https://www.fsa.go.jp/policy/virtual_currency02/bitget_limited_keikokushiryo.pdf
Regarding unregistered cryptocurrency exchange operators (KuCoin)
(PDF file) https://www.fsa.go.jp/policy/virtual_currency02/kucoin_keikokushiryo.pdf
Regarding unregistered cryptocurrency exchange operators (LBank Exchange)
(PDF file) https://www.fsa.go.jp/policy/virtual_currency02/LBank_keikokushiryo.pdf
According to the Financial Services Agency, although the reports that it had requested the suspension are true, it has no plans to make any further announcements about the matter.
Related Posts:
in Web Service, Posted by log1l_ks