# Japan’s FSA Updates Warning Page on Unregistered Crypto Platforms By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/53552 Published: 2026-11-11T04:12:07.000Z Updated: 2026-11-11T04:12:07.000Z Section: Regulation > The agency says it cannot verify investor protections at unregistered operators and warns of denied withdrawals, exorbitant withdrawal fees and operators becoming unreachable. Japan’s financial regulator, the Financial Services Agency (FSA), updated its warning page for unregistered financial and crypto-asset platforms Nov. 10, highlighting gaps in investor protections and withdrawal risks. The FSA said it cannot verify that unregistered operators have investor protections in place and expects their safeguards to fall below the standards of registered firms. It identified rejected withdrawals, exorbitant withdrawal fees and cases in which operators suddenly become unreachable. The agency urged users to check a platform’s credentials through its financial business operator search tool before trading. The Nov. 10 update also added a link to the Consumer Affairs Agency (CAA)’s September anti-fraud policy package. The package calls for using artificial intelligence to analyze consumer inquiries from across Japan and identify harmful scam methods earlier. A September entry on the FSA’s warning list names Izakaya Limited, operator of IZAKA-YA, which TokenPost [previously covered alongside Bybit](). The list records past warnings and does not indicate whether named operators are currently active. ## Links in this article - [previously covered alongside Bybit](https://www.tokenpost.com/news/regulation/27427)