Japan: Financial Services Agency investigation into LBank Exchange for allegedly operating an unregistered cryptocurrency exchange business
Progress
Current status
under deliberation
14 Jun 2024 under deliberation
Scope
Implementers
Japan
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced Financial Services Agency investigation into LBank Exchange for allegedly operating an unregistered cryptocurrency exchange business
On 14 June 2024, Japan's Financial Services Agency (FSA) issued a public warning against LBank Exchange for conducting cryptocurrency exchange business without the necessary registration. Lbank is an online platform engaging in the trading of crypto…
SourceEvent type
investigation
Action type
announcement
Government branch
executive
Government body
other regulatory body