Japan Financial Services Agency: Updates warning page for unlicensed cryptocurrency platforms, reminding to guard against risks such as withdrawal obstacles

According to CoinPost, the Financial Services Agency of Japan has updated the warning page for "unlicensed financial and cryptocurrency trading platforms" and added a link to the Consumer Affairs Agency's anti-fraud measures, reminding investors to be cautious of trading platforms that are not registered in Japan.

The Financial Services Agency pointed out that these unlicensed platforms lack investor protection mechanisms and often face issues such as refusing user withdrawals, charging "exorbitant fees," and even suddenly going offline. The official reminds users to verify the platform's qualifications through the "Unified Search Function for Financial Service Providers" before trading. In the warning list updated in September, a Hong Kong company operating "IZAKA-YA" was added. Additionally, the Consumer Affairs Agency of Japan has implemented anti-fraud measures in September, utilizing AI to analyze consumer consultation data from various regions to identify malicious fraud techniques early.