Japan’s Financial Services Agency updated its warning page on unregistered financial and crypto-asset trading platforms on November 10, adding a link to anti-fraud measures from the Consumer Affairs Agency. According to Odaily, the agency says unregistered platforms may lack investor protections and could block withdrawals, charge high fees or suddenly disappear; it advises users to check a platform’s credentials through its financial business operator search tool. The agency’s September warning list added a Hong Kong company operating IZAKA-YA. The Consumer Affairs Agency introduced anti-fraud measures in September that include using AI to analyze consumer consultation data to identify scam tactics early.
