The Japanese Financial Services Agency has issued warnings to five unregistered overseas cryptocurrency exchanges. The five exchanges are KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global and Bitget Limited. The Financial Services Agency pointed out that these exchanges provided cryptocurrency trading services to Japanese users without permission, violating Japanese regulations on crypto asset trading. Since unregistered exchanges are not regulated by the Financial Services Agency, their customer asset management and security cannot be guaranteed, and users may not be able to obtain legal protection in the event of disputes or accidents. (CoinPost)