Japan’s FSA Warns Hong Kong-Based Crypto Operator IZAKA-YA Over Unregistered Services
Japan’s Financial Services Agency (FSA) has issued a formal warning to Hong Kong-based Izakaya Limited, alleging that its cryptocurrency exchange and lending services, operating under the brand IZAKA-YA, were offered to Japanese residents without the necessary registration. The announcement, reported by CoinPost, underscores Japan’s strict stance on unlicensed crypto activities, even when the operator is based overseas.
Regulatory Action and Company Response
The FSA’s warning targets Izakaya Limited’s provision of crypto lending, swap services, and exchange functions via the internet to users in Japan. Under Japan’s Payment…
