BTC Crash Fears, MEXC Apology Highlight This Week’s Digest
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A crypto exec warns Bitcoin could crash as much as 70% in the next market slump, MEXC apologizes for freezing a crypto trader’s $3 million, and other news.
Bybit, the world’s second-largest crypto exchange by trading volume, has announced it will pause new user registrations in Japan starting Oct. 31, as it adapts to new regulations from the country’s Financial Services Agency.
The company said the move is part of its “proactive approach” to align with Japan’s emerging regulatory framework for digital assets, according to a Wednesday announcement.
“It has always been Bybit’s commitment to operate responsibly and in compliance with local laws and regulatory expectations,” the exchange said.
Existing Japanese customers will not be affected for now, with all current services remaining operational. Bybit said it will share further updates as discussions with regulators progress.
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