On September 1, the Financial Services Agency announced that it had issued a warning to the Hong Kong-based company Izakaya Limited for operating a cryptocurrency exchange business without registration. The company runs 'IZAKA-YA', an online cryptocurrency trading platform.
The basis for the warning was cited as Administrative Guideline Volume III 'Financial Companies Related', Section 16, Cryptocurrency Exchange Business III-1-6 (2)②. It was noted that the company had been conducting cryptocurrency exchange operations targeting residents of Japan via the internet.
The public document named Izakaya Limited, but listed the representative as 'unknown'...