[Japan Financial Services Agency Warns KuCoin and Other Companies for Unregistered OTC Derivatives Trading] According to Cointelegraph, the Japan Financial Services Agency (FSA) has issued warning letters to KuCoin and several other companies for engaging in over-the-counter (OTC) derivatives trading without registration. In its latest list, the FSA stated that KuCoin, NeonFX, theoption, and GTCFX received notifications in March for 'soliciting OTC derivatives trading via the internet.' Among them, KuCoin, headquartered in Seychelles, was identified as providing services to Japanese residents. The FSA had previously issued similar warnings to KuCoin and Bybit in November 2024 and requested Apple and Google to suspend downloads of the KuCoin app in February 2025.