Japan's FSA warns KuCoin, others for unregistered operations

Japan's Financial Services Agency (FSA) has issued warnings to several cryptocurrency firms, including KuCoin, for operating without registration. According to Cointelegraph, the FSA recently published a list of unregistered financial instrument business operators, stating that four platforms—KuCoin, NeonFX, TheOption, and GTCFX—received correction orders in March for soliciting over-the-counter derivative transactions online. The regulator noted that Seychelles-based KuCoin has been providing services to residents of Japan. This follows a similar action in November 2024, when the FSA issued warnings to KuCoin and four other crypto exchanges for the same violation.