Japanese Crypto Exchange Bitbank Warns of Account Suspensions Over Polymarket Transactions
By
@cointelegraph
Summary
Bitbank, a major Japanese cryptocurrency exchange, has warned users that transactions linked to prediction market platforms like Polymarket could lead to account suspensions due to potential conflicts with Japan's gambling laws. The exchange stated it may restrict accounts making deposits or withdrawals connected to such services, citing legal and regulatory risks for residents under Japanese law.
Source
bskyJapanese Crypto Exchange Bitbank Warns of Account Suspensions Over Polymarket Transactionscointelegraph.comKey quotes
· 3 pulledUnder Japanese law, participation in certain prediction market services may involve legal and regulatory risks for residents.
Bitbank said it may restrict accounts making deposits or withdrawals connected to prediction market services.
Transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country's gambling laws.
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