Bitget has begun withdrawing services for residents of Japan, stopping new account registrations immediately and setting a timeline that will lead to mandatory account restrictions later this year. The exchange announced it will apply account restrictions from Nov. 1 and automatically close any remaining open positions on Dec. 31. Users affected by the changes will receive further instructions by email explaining the required procedures and available options for managing or withdrawing their assets.
Regulatory Background
The decision comes after several warnings issued by Japanese regulators over the past few years, including a warning in March 2023 for allegedly offering cryptocurrency services to Japanese residents without registration.
Global Operations
The Japan withdrawal follows a pattern that Bitget has adopted across several jurisdictions, where product availability depends on local regulatory status instead of a single global operating model. The exchange has continued seeking registrations and approvals in markets where it intends to operate, including completing registration on New Zealand’s Financial Service Providers Register last month.
