Japan’s FSA flags KuCoin and other platforms for unregistered OTC derivatives trading
Japan’s Financial Services Agency has widened its crackdown on offshore crypto derivatives platforms, issuing warnings to KuCoin, NeonFX, TheOption and GTCFX for soliciting over-the-counter derivatives business from Japanese residents without proper authorization. The action reinforces Tokyo’s increasingly strict posture toward foreign platforms that continue to target domestic users from outside the country’s regulatory perimeter.