PANews reported on January 23 that, according to CoinPost, Bybit announced a phased shutdown of its services for Japanese residents: starting at 11:00 AM on March 23, accounts will be converted to "close-only" mode, prohibiting new account openings or additional positions, and most products will be discontinued, with only BTC/ETH/USDC swaps and withdrawals remaining; starting at 11:00 AM on July 22, all open positions will be forcibly closed and card services will be suspended, against the backdrop of stricter regulations from the Japanese Financial Services Agency on overseas exchanges.