According to Techub News, the cryptocurrency exchange Gate.io announced that it will stop providing services in Japan in order to comply with Japanese financial regulations.

The main measures include: Starting from July 22, 2024, stop opening new accounts for Japanese residents. Launch a legal compliance plan to support customers to migrate transactions to crypto asset trading providers that comply with Japanese regulations. Delete the Japanese description of the platform, but the necessary Japanese information will still be provided during the transition period. Develop a detailed service suspension and transition trading plan in accordance with the requirements of the Financial Services Agency and announce it in due course.