{"id":133718,"date":"2024-07-23T10:00:59","date_gmt":"2024-07-23T07:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133718"},"modified":"2024-07-22T23:07:52","modified_gmt":"2024-07-22T20:07:52","slug":"crypto-exchange-gateio-halts-services-in-japan-to-comply-with-local-regulations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-exchange-gateio-halts-services-in-japan-to-comply-with-local-regulations\/","title":{"rendered":"Crypto Exchange Gateio Halts Services in Japan to Comply with Local Regulations"},"content":{"rendered":"
This decision aligns with a legal compliance initiative aimed at guiding users towards crypto platforms that meet Japanese regulations.<\/p>\n
Gateio has long attracted Japanese traders with its high leverage options, reportedly over 100 times, and a zero-cut system that protected users from debt due to market volatility. However, Gateio lacked the necessary license from Japan\u2019s Financial Services Agency (FSA), which oversees legal crypto operations in the country.<\/p>\n
<\/p>\n
Despite operating without FSA approval, Gateio continued to serve Japanese users, as there were no explicit laws preventing residents from using foreign exchanges. This left users vulnerable, trading without FSA oversight, which mandates a leverage cap of 25 times.<\/p>\n