Crypto News: Japan's BitFlyer Restricts Crypto Deposit & Transfer
BitFlyer Complies With Crypto Regulations On May 30, bitFlyer announced that it will limit crypto deposits and transfers effective from 5 pm — exclusively to crypto asset exchange companies that have adopted TRUST (Travel Rule Universal Solution Technology) — a system designed to adhere to the requirements of the travel rules. While crypto wallets such as MetaMask will remain unaffected, Coincheck emerges as the sole option for Crypto exchange providers capable of sending and depositing funds within Japan. advertisement Read More: Brazil President Proposes To Ditch US Dollar For Another Currency According to the information received, these restrictions are applicable to the 21 countries and territories that are obligated to provide information under the travel rules. However, this means that customers can still send and deposit crypto assets with exchanges based outside of these specific 21 countries. Restrictions Limited To Specific Crypto Ass...