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

[DaveGasFee]

Quick analysis of last 12hrs:

• 40% spike in withdrawal requests from JP IPs
• Avg wait time up from 20min to 4hrs
• Some cold wallets moving for first time in months

Not saying it's happening, but looking like 2017 korea fud pattern

bitshark doing god's work as always

 

[traidoor]

day 2 update: withdrawal still processing. support saying "high volume" fml

 

[proxytom]

@traidoor DM if you need help setting up direct DEX trades. might be slower but better than nothing

 

[CryptoDada]

Long analysis since people are asking about broader impact:

This FSA move isn't surprising if you understand Japanese regulatory history. Back in 2017 after Mt.Gox, Japan was first major country to regulate crypto exchanges. They've always been strict about registration. Current enforcement follows same pattern as their 2023 derivatives crackdown:

1. Warning phase (we're here)
2. App store removals
3. IP blocks
4. Payment processor restrictions

For traders:
- Short term: Expect volatility as JP users migrate funds
- Mid term: Volume might shift to DEX/P2P
- Long term: Other Asian regulators might follow (looking at you, Singapore)

Keep eye on withdrawal times & blockchain analytics. If they start spiking beyond current delays, might signal liquidity issues. Not trying to spread FUD, just sharing what I've seen in past crackdowns.

Nothing new under the sun - same cycle different year. Stay safe anons