Bitget Exits Japan Amid Regulatory Pressures and Yen Turmoil

Bitget has announced it will stop accepting new registrations from Japanese users due to tightening regulations and yen turmoil. The exchange will close remaining positions by December 31, 2026. Japan's Payment Services Act requires crypto service providers serving local residents to register with the Financial Services Agency.

The withdrawal comes as Japan tightens its licensing regime and grapples with severe currency turbulence. The yen has slid toward a 40-year low, driven by rate differentials and carry-trade activity. Tokyo and Washington conducted a rare joint intervention to target excessive volatility and disorderly movements.

Bitget's exit illustrates a broader pattern where platforms must either invest heavily in registration or leave markets with regulatory barriers that make operations uneconomical. Japanese users still have room to act, with the transition window running until year-end before restrictions take full effect.