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Apple Removes Crypto Exchange Apps from Japan’s App Store
Apple has quietly removed multiple crypto exchange apps from Japan’s App Store at the request of authorities, citing concerns over unlicensed operations.
Removed Apps and Their Status
According to recent reports, mobile applications for Bybit, KuCoin, Bitget, MEXC, and LBank are no longer available in Japan’s App Store. These exchanges had previously been warned by Japan’s Financial Services Agency (FSA) for operating without registration.
Not all unlicensed exchanges are affected, however. Searches for “crypto assets” or “virtual currency” still bring up apps from Crypto.com and CoinEx, indicating that the removal is not a blanket ban on all unlicensed exchanges.
Bybit’s Response
In a recent blog post, Bybit confirmed the removal but reassured users that those “who have already downloaded the app can continue using it without any issues.”
“We sincerely apologize for any inconvenience or concern this may cause. Please note that this does not affect Bybit’s services in any way. We continue to serve Japanese-speaking customers, and all functions, including deposits, withdrawals, and trading, remain fully operational. All customer accounts and assets are securely protected.”
Regulatory Background
The removal comes just weeks after the FSA pushed for stricter internal audits and oversight of crypto exchanges. In a late December press release, the regulator said it planned to update its “Current Situation and Issues” guidelines to align with international standards.
The FSA also hosted a roundtable in late January on improving internal audits at financial institutions, with participation from the Japan Cryptocurrency Exchange Association. However, no details from that meeting were disclosed.
These developments highlight the importance of regulatory compliance in the cryptocurrency space. Crypto exchange operators must ensure they are meeting the necessary requirements to operate legally and avoid disruptions to their services.
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