Japan’s Financial Services Agency (FSA) issued a warning letter on September 1 to Hong Kong-based Izakaya Limited for conducting unregistered crypto asset exchange business targeting Japanese residents, pursuant to its supervisory guidelines. The company operates “IZAKA-YA,” an internet-based service offering crypto asset lending and swap transactions.

The FSA announced the warning letter on its official X (formerly Twitter) account and added the company to its list of unregistered operators. In the published document, the operator is listed as Izakaya Limited, with the representative identified as “unknown.” The remarks column explicitly states that the company “operates ‘IZAKA-YA,’ which conducts crypto asset transactions on the…