According to TechFlow, the cryptocurrency exchange Gate.io announced today that it will stop providing services in Japan in order to comply with Japanese financial regulations. The main measures include:
Effective July 22, 2024, new accounts will no longer be opened for Japanese residents.
Launched a legal compliance program to support clients in migrating their transactions to crypto asset trading providers that comply with Japanese regulations.
The Japanese platform description has been removed, but necessary Japanese information will still be provided during the transition period.
A detailed service suspension and transition trading plan will be formulated in accordance with the requirements of the Financial Services Agency and will be announced in due course.