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[Bybit to Gradually Restrict Accounts Identified as Japanese Residents] Bybit's announcement states that accounts identified as belonging to Japanese residents will gradually face restrictions in order to comply with Japanese regulatory requirements. Users who fail to complete Level 2 identity verification (which requires proof of address) by January 22, 2026, will be considered Japanese residents, and restriction measures will be implemented starting in 2026. This move comes as Japan's Financial Services Agency strengthens its oversight of overseas cryptocurrency exchanges. Following the revision of the Financial Instruments and Exchange Act in 2024, regulations on crypto asset derivatives trading will be tightened, and penalties for unregistered operators will be increased. Bybit has previously received three warnings from the Financial Services Agency and has been gradually withdrawing from the Japanese market.