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Japan's FSA has repeatedly advised Blockchain Laboratory to halt its activities in the country.
Cryptocurrencies

Macau cryptocurrency exchange hit with warning in Japan

Watchdog turns up the heat on unregistered players

MASAYUKI YUDA, Nikkei staff writer | Japan

TOKYO -- Japan's Financial Services Agency on Tuesday issued a warning to Macau-based cryptocurrency exchange operator Blockchain Laboratory, which has been courting investors in the country.

The warning is the FSA's first following a revision to the payment services law last April. The law allows only registered cryptocurrency services, or those that have applied for registration, to do business in Japan. Blockchain Laboratory does not meet either criteria, yet the FSA found it has been offering seminars to attract Japanese investors. 

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