Japanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange

The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having an unknown address and representative. This action follows similar warnings issued by the FSA in March of the previous year to four other companies: Bybit Fintech Limited, MEXC Global, Bitget Limited, and Bitforex Limited. Currently, access and trading on these platforms remain unavailable in Japan.