BitMEX will Close Registrations for Japanese Residents
A cryptocurrency exchange and derivative trading platform, BitMEX will close the registration, also ban the usage of the platform for Japanese residents.
As the official report states, the crypto exchange will restrict Japanese residents from registration on the platform starting from April 30. It will also ban the usage of the platform for existing users from Japan starting from the beginning of the next month.
In addition, BitMEX has reported that the open positions of the platform’s Japanese users will continue as per the terms of the contract.
BitMEX has made it clear that this step is response to the changes to the Japan Financial Instruments & Exchange Act and Japan Payment Services Act effective starting from the beginning of the next month.
The crypto exchange has also stated that it will keep working with the Japanese regulatory authorities.
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