Bitget Sets Close-Only Mode for Japan-Resident Accounts Nov. 1

Bitget will move accounts it classifies as belonging to Japan residents into close-only mode at 10 p.m. ET Oct. 31 (0200 UTC Nov. 1), limiting what affected users can do on the exchange. Users will no longer be able to open or add positions or use most Bitget products. Limited deposits and asset withdrawals will remain available, along with crypto conversions into Bitcoin (BTC) and Ether (ETH). Remaining open positions are scheduled for forced liquidation at 9 p.m. ET Dec. 30 (0200 UTC Dec. 31), when Bitget also plans to suspend card services.

Source: TokenPost