BitMEX will limit trading opportunities for Japanese customers

The cryptocurrency exchange announced the introduction of restrictions on the use of the platform by customers from Japan. This decision was made in connection with the amendment of the local legislation “On payment instruments and exchanges” and “On payment services”.

In particular, today, May 1, users will not be able to register a new account on the site, and users who are residents of Japan will not be able to place orders to open a new position or increase an existing one.

We understand the attitude of the regulatory authorities to develop common standards for the sphere that will become a catalyst for the development of crypto trading. In turn, we intend to cooperate with Japanese departments, ”the BitMEX official statement states and emphasizes that the company intends to inform its users of all steps taken.