Cryptocurrency exchange OKX announces ban on users residing in Japan-CRYPTO TIMES

The cryptocurrency exchange OKX announced yesterday that users residing in Japan are prohibited from using it.

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““OKX Exchange products are not available in Japan due to local laws and regulations. You can sign up/login and access OKX Wallet. With valid ID, you can continue to use OKX Exchange products.”

As I confirmed at the time of writing the article, it is still possible to trade within the OKX app. Currently, OKX has not made any announcement regarding the specific date of enforcement of the regulation.

In May last month, major cryptocurrency exchange Binance officially announced that it would stop providing services to Japanese residents.

connection:Binance Officially Announces End of Service for Residents of Japan | Until November 30th

The exchange has phased out service provision from May 26th to November 30th, providing a period of preparation for users.

The other day, at the token sale of Layer 1 project Sui/$SUI held within OKX, a certain lock period was set until some funds were unlocked. In addition, some of the operation services in the exchange have a lock period of 30 days or 60 days, and it is required to announce detailed information on this measure.

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For users who have done KYC, withdrawals are now possible.

Article Source: OKX