One of the largest local platforms emphasized that such clients will be unable to log into their accounts. Additionally, they will not have access to deposit and withdraw cryptocurrencies or to withdraw yen. Bitbank also claims it is not responsible for any damages related to the blocking of accounts. Polymarket includes Japan in a list of 35 jurisdictions with restricted access. However, in May, the company announced intentions to expand in the country. This raised questions about potential conflicts with local gambling laws. In Japan, betting is allowed only on certain government-approved activities. Violations of these rules can result in fines and up to three years in prison.
News Regulation
Japanese cryptocurrency exchange Bitbank is blocking users for transactions related to Polymarket.
One of the largest local platforms emphasized that such clients will be unable to log into their accounts. Additionally, they will not have access to deposit and withdraw cryptocurrencies or to withdr...