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BitMEX Set To Restrict Japan-Based Users To Comply With Crypto Law Amendments

Ramsey Baker

Summary: BitMEX, the cryptocurrency derivatives exchange, will soon be disallowing Japan-based users to join its platform. According to an announcement from the Seychelles-registered exchange on Tuesday, it will be restricting residents of Japan from registering new accounts starting April 30 and prohibit existing users from placing orders starting May 1. The move is an attempt at ...

BitMEX, the cryptocurrency derivatives exchange, will soon be disallowing Japan-based users to join its platform.

According to an announcement from the Seychelles-registered exchange on Tuesday, it will be restricting residents of Japan from registering new accounts starting April 30 and prohibit existing users from placing orders starting May 1.

The move is an attempt at complying with the newly passed amendments to the Japan Financial Instruments and Exchange Act and Japan Payment Services Act, which will go into effect on May 1.

By Ramsey Baker

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