Japan’s FSA warns unregistered crypto operator IZAKA-YA

Japan’s Financial Services Agency has issued a warning to Hong Kong-based Izakaya Limited for allegedly operating a cryptocurrency exchange business without registration, CoinPost reported. According to the agency, the company runs crypto lending and swap service IZAKA-YA and offered crypto exchange services to residents of Japan over the internet. IZAKA-YA said on Aug. 24 it had temporarily suspended transfers and withdrawals for some accounts after identifying transactions suspected of involving illicit fund inflows or money laundering, and said it would require know-your-customer verification for all users.