TechFlow news — Cryptocurrency exchange Gate.io announced today that, in compliance with Japanese financial regulations, it will cease providing services within Japan. Key measures include:
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Effective July 22, 2024, new account registrations for Japanese residents will be suspended.
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Launching a legal compliance program to support customers in migrating their trading activities to licensed crypto asset trading providers compliant with Japanese regulations.
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Removing Japanese-language descriptions from the platform, while still providing essential Japanese-language information during the transition period.
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Developing a detailed service termination and transition plan in accordance with requirements from Japan's Financial Services Agency, which will be published at an appropriate time.
