Japan’s Crypto Crackdown: Top Trading Apps Disappear from the Apple Store
Japan’s crypto traders woke up to an unexpected surprise—popular trading apps like Bybit, Bitget, KuCoin, and MEXC have disappeared from the Japanese Apple App Store. This sudden removal has left many users confused and concerned, especially those who rely on these apps for daily trading.While there’s no official explanation yet, Japan’s strict crypto regulations likely played a role.Major overseas crypto exchanges removed from Japan's Apple App StoreMajor crypto exchanges such as Bybit, Bitget, KuCoin and MEXC have been removed from the Japanese Apple App Store, CoinPost reported. Currently, mobile apps for these exchanges cannot be searched out or…— CoinNess Global (@CoinnessGL) February 6, 2025 Japan’s Tough Crypto Rules Behind the MoveJapan has some of the most stringent regulations for cryptocurrency exchanges. The Financial Services Agency (FSA) requires all exchanges operating in the country to register and meet strict security and compliance standards to protect investors.In November 2023, the FSA issued warnings to several unregistered crypto platforms. Now, the removal of these apps appears to be connected to that crackdown. This is part of Japan’s broader effort to make its crypto market safer and prevent scams like the FTX collapse.What Happens to Existing Users?For now, users who already have these apps installed can still access them. However, they won’t be able to update them or reinstall them if deleted. This could push traders toward licensed local exchanges like bitFlyer, Coincheck, and GMO Coin, which comply with Japan’s regulations and offer a more secure trading environment.Could Apple Be Involved?While regulatory issues seem to be the main reason for the removals, there’s speculation that Apple’s own policies might also be at play. The company could be responding to government pressure, enforcing stricter compliance rules for crypto-related apps.What’s Next for Japanese Crypto Traders?Japan’s FSA has a history of cracking down on unauthorized exchanges, warning that unregistered platforms don’t offer the same legal protections as licensed ones. This leaves users at greater risk.As the situation unfolds, Japanese traders are advised to stay informed about regulatory changes and consider using compliant platforms to keep their investments safe.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.