Japan's FSA just dropped a public list of unregistered crypto exchanges operating in their jurisdiction.

This is basically a blacklist — if you're trading on any platform named here, you're using an unlicensed operator. No consumer protection, no recourse if funds vanish.

For Japanese traders: check the list before depositing. For global degens: this signals Japan tightening enforcement. Expect more crackdowns on offshore platforms targeting JP users.

Regulatory walls closing in. Trade accordingly.