The Japanese Financial Services Agency (FSA) has put Lbank Exchange, a foreign cryptocurrency platform, on notice for conducting business without proper registration. Despite its significant trading volume ranking of 56th on Coingecko, Lbank has been catering to Japanese customers without providing a verifiable address or representative. This move by the FSA echoes previous warnings given in March of the prior year to Bybit Fintech Limited, MEXC Global, Bitget Limited, and Bitforex Limited. As a result, these platforms are currently inaccessible for trading in Japan.
