Bitget set to exit Japan, close all remaining positions by year-end

The crypto trading platform, ranked fifth on CoinGecko, stopped accepting new registrations on Sunday and plans to shut down all remaining positions by Dec. 31.

Bitget will halt crypto trading services for Japan residents, having already stopped new registrations as it moves to comply with the country’s regulations.
The company will close all remaining positions by Dec. 31.
The move comes as Japan tightens oversight of unregistered foreign crypto platforms and prepares to enforce new rules treating cryptocurrencies as financial instruments with steep penalties for noncompliance.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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