**Gate.io Halts Services for Japanese Users Amid Regulatory Compliance**
Crypto exchange Gate.io is shutting down services for Japanese customers due to compliance requests from Japan's Financial Services Agency (FSA).
- **Service Termination**: Starting July 22, Gate.io will stop opening new accounts for Japanese users and assist existing customers in migrating their assets to compliant exchanges.
- **Regulatory Compliance**: The move aligns with Japan's stringent crypto regulations under the Payment Services Act, which mandates exchanges to register with the FSA and adhere to anti-money laundering protocols.
- **Future Updates**: Gate.io will remove Japanese language content from its site but will continue to provide updates to support the transition.
Despite these challenges, Japan remains a key player in the global crypto scene, with companies like Metaplanet continuing to invest heavily in Bitcoin.