<a href="https://optimisus.com/press-releases/udao-token-now-live-on-gate-io-and-mexc/" rel="noopener noreferrer nofollow">Gate.io, a prominent crypto exchange</a>, has said that it will halt its services for consumers in Japan as a result of regulatory obstacles imposed by the Financial Services Agency (FSA) of Japan.  
The decision is a response to compliance requests from the FSA and will also result in the cessation of new account openings for Japanese users. Japan's stringent laws for crypto trading, such as the Payment Services Act (PSA), require exchanges to register with the Financial Services Agency (FSA) and adhere to anti-money laundering (AML) standards and rigorous customer identification verification procedures.  
Gate.io will provide support to impacted consumers in transferring their assets to exchanges that comply with Japanese regulatory standards and will eliminate Japanese language information from its website.  
The cessation of services will be carried out in keeping with FSA regulatory demands; however, a specific date for the complete suspension has not been specified. Gate.io is renowned for its comprehensive selection of trading pairs and significant worldwide 24-hour trading volume, which amounts to $19.5 billion. 
The post <a href="https://optimisus.com/market/market-news/gate-io-exchange-halts-japanese-operations-due-to-fsa-regulatory-compliance-demands/" rel="noopener noreferrer nofollow">Gate.io exchange halts Japanese operations due to FSA regulatory compliance demands</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Gate.io exchange halts Japanese operations due to FSA regulatory compliance demands

Optimisus

Các bài viết khác được xuất bản trên 23 thg 7, 2024

Grayscale Bitcoin ETF holdings go for a toss: Impact on BTC’s price?

Is England also Going to Sell its Bitcoins?

Devilfish NFT Revolutionizes Poker with Innovative NFT Integration

Why PENDLE’s Price Might Surge Beyond $20 This Cycle

Grayscale’s ETH ETF is superior Ethereum fund to BlackRock’s ETHA

Binance Unveils Early Listing of BTCUSDT and ETHUSDT Options

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!