Bitget to end crypto services for Japan residents after regulatory warnings

Bitget has begun withdrawing services for residents of Japan, stopping new account registrations immediately and setting a timeline that will lead to mandatory account restrictions later this year. Summary Bitget has stopped new registrations from Japan and will begin restricting resident accounts from Nov. 1. Users who believe they were wrongly classified as Japan residents must complete address verification before the deadline. Japan’s regulators had repeatedly warned Bitget over providing services without local registration before the exchange announced its exit. The move follows Bitget’s recent practice of limiting access in markets where it does not hold the required local authorization. Bitget announced on Monday that it has stopped accepting new registrations from residents of Japan and will begin applying account restrictions from Nov. 1 as it exits the market. The exchange also said any positions that remain open on Dec. 31 will be closed automatically as part of the withdrawal process. Under the plan, users who believe they have been mistakenly identified as residents of Japan must complete Level 2 identity verification, including address verification, before Nov. 1. Bitg...