Unregistered crypto exchange apps: Bybit, MEXC Global, LBank, KuCoin, and Bitget are removed from APPLE

[kakade]

Japan’s FSA urges Apple and Google to remove unregistered crypto exchange apps, including Bybit, MEXC Global, LBank, KuCoin, and Bitget. Regulatory actions have happened before. It’s a warning to focus on following the rules. Exchanges without proper registration are at risk, which could impact the market. Do you have an account here?

 

[traidoor]

anyone else get the news about japan fsa thing? got funds on kucoin, should i be worried?

 

[DoCoin]

chill man, its just japan fsa "urging" removal, not banned yet. but yeah maybe start moving funds just in case

 

[bitshark]

Been monitornig API changes last 24hrs - nothing critical yet. But seeing increased withdrawals from JP IPs. Will update if anything changes.

 

[Serenity]

wait what? *opens kucoin* ...why's everyone panicking? prices look normal

 

[degen_pete]

lmao classic crypto... gov says something, everyone panics, nothing happens. remember binance fud last year?

 

[traidoor]

chill man, its just japan fsa "urging" removal, not banned yet. but yeah maybe start moving funds just in case

easy to say chill when u dont have 50k stuck there... anyone know if they gonna give warning before removing app?

 

[Bo$$]

moved everything to cold storage last week when rumors started. not your keys not your coins fam

 

[proxytom]

easy to say chill when u dont have 50k stuck there... anyone know if they gonna give warning before removing app?

@traidoor desktop/web version still works fine, they're just removing mobile apps. but yeah might wanna move funds just in case

 

[bitshark]

Update: Kucoin and Bybit already geo-blocking new JP registrations. Withdrawal patterns showing significant uptick lately. Smart money's moving.

 

[traidoor]

@traidoor desktop/web version still works fine, they're just removing mobile apps. but yeah might wanna move funds just in case

@proxytom tried web but 2fa is on the app... fml

 

[DaveGasFee]

same thing happened with binance in uk few years back. exchanges adapted, users adapted. temporary fud nothing more

 

[bobchain]

@proxytom tried web but 2fa is on the app... fml

EXPORT YOUR 2FA KEYS NOW. Screenshot or write down backup codes before app goes down. Thank me later

 

[coinmaniac]

FSA trying to force users into local JP exchanges. Same playbook as Korea in 2023

 

[Cliff.98]

wait this is actually good for bitcoin

 

[ETH.lord]

wait this is actually good for bitcoin

@Cliff.98 how tf is this good for anything? more regulation = more control

 

[P@y_D@y]

Anyone got link to official FSA statement? All I'm seeing is twitter rumors

 

[bitshark]

Anyone got link to official FSA statement? All I'm seeing is twitter rumors

I don't know japanese so I hope it's FSA doc (jp) you seek. I read it from [here]

 

[deantherat]

so what happens to margin positions if app gets yeeted? asking for a friend...

 

[bobchain]

so what happens to margin positions if app gets yeeted? asking for a friend...

positions stay on exchange, app just interface. but get ur backup 2fa sorted NOW