VASPCheck

VASP Compliance Summary — bitFlyer

bitFlyer Inc. · Exchange · Japan

Exported 2026-08-25

Data reviewed 2026-08-12

Overview

Compliance snapshot

Overall regulatory statusAuthorized

EU MiCA statusTransitional regime

JFSA crypto-asset exchange service provider registration (Kanto Bureau)
bitFlyer EUROPE S.A. supervised by the CSSF in Luxembourg
bitFlyer USA holds state money transmitter and FinCEN MSB registrations
Trustpilot 3.9/5 · 1,050 reviews

Low concern

Licensed by the Japanese FSA under the Payment Services Act, with separately regulated European and US entities and no material unresolved enforcement matters.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Japan	Financial Services Agency JFSA · https://www.fsa.go.jp/en/regulated/licensed/index.html	Crypto-asset exchange service provider registration	Authorized	Kanto Bureau 00003	2017-09-29
Luxembourg	Commission de Surveillance du Secteur Financier CSSF · https://searchentities.apps.cssf.lu	Virtual asset service provider registration	Registered	LU-VASP-2019-014	2019-05-21
United States	Financial Crimes Enforcement Network FinCEN · https://www.fincen.gov/msb-registrant-search	MSB registration	Registered	31000-1701-2288	2017-01-11

Reputation

Reputation scores

Trustpilot-style score3.9 / 5

Reviews1,050

App Store4.5

Google Play4.1

12-month trendup

Press sentiment (12m)+5 / ~3 / −1

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-07-19	Reuters	bitFlyer expands European product range The Luxembourg entity added euro funding options.	Positive
2026-05-08	Bloomberg	Japanese exchanges prepare for tax reform Operators welcomed proposals to simplify crypto taxation.	Neutral
2026-02-24	CoinDesk	bitFlyer reports record domestic accounts Verified account numbers reached a new high.	Positive
2025-11-05	Financial Times	JFSA reviews custody segregation rules Exchanges were asked to confirm cold-storage ratios.	Neutral
2025-08-14	Reuters	Governance overhaul completed A board restructuring that began in 2023 was finalised.	Positive

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2018-06-22	Enforcement	—	JFSA business improvement order on AML and internal controls; remediation confirmed closed in 2019.

Profile

Key facts

Founded2014

Websitebitflyer.com

Fiat currenciesJPY, EUR, USD

Proof of reservesPartial

Custody modelSegregated cold storage with trust-account fiat segregation

Legal entitiesbitFlyer Inc. (JP) · bitFlyer EUROPE S.A. (LU) · bitFlyer USA, Inc. (US)

bitFlyer

AuthorizedTransitional regimeESMA register

bitFlyer Inc.

Exchange🇯🇵 Japan Founded 2014bitflyer.com

Visit website

Last reviewed

2026-08-12

Compliance snapshot

JFSA crypto-asset exchange service provider registration (Kanto Bureau)
bitFlyer EUROPE S.A. supervised by the CSSF in Luxembourg
bitFlyer USA holds state money transmitter and FinCEN MSB registrations
Trustpilot 3.9/5 · 1,050 reviews

Overall concern

Low concern

Licensed by the Japanese FSA under the Payment Services Act, with separately regulated European and US entities and no material unresolved enforcement matters.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇯🇵 Japan	Financial Services AgencyJFSA	Crypto-asset exchange service provider registration	Authorized	Kanto Bureau 00003	2017-09-29
🇱🇺 Luxembourg	Commission de Surveillance du Secteur FinancierCSSF	Virtual asset service provider registration	Registered	LU-VASP-2019-014	2019-05-21
🇺🇸 United States	Financial Crimes Enforcement NetworkFinCEN	MSB registration	Registered	31000-1701-2288	2017-01-11

🇯🇵 Japan
Authorized
Crypto-asset exchange service provider registration
Financial Services AgencyJFSA
Kanto Bureau 000032017-09-29
🇱🇺 Luxembourg
Registered
Virtual asset service provider registration
Commission de Surveillance du Secteur FinancierCSSF
LU-VASP-2019-0142019-05-21
🇺🇸 United States
Registered
MSB registration
Financial Crimes Enforcement NetworkFinCEN
31000-1701-22882017-01-11

User signals

Reputation

Trustpilot-style score

3.9/ 5

3.9

1,050 reviews

Improving (12m)

App ratings

App Store: 4.5
Google Play: 4.1

Press sentiment (12m)

Positive5

Neutral3

Negative1

Media

Recent press

2026-07-19
bitFlyer expands European product rangePositive
Reuters — The Luxembourg entity added euro funding options.
2026-05-08
Japanese exchanges prepare for tax reformNeutral
Bloomberg — Operators welcomed proposals to simplify crypto taxation.
2026-02-24
bitFlyer reports record domestic accountsPositive
CoinDesk — Verified account numbers reached a new high.
2025-11-05
JFSA reviews custody segregation rulesNeutral
Financial Times — Exchanges were asked to confirm cold-storage ratios.
2025-08-14
Governance overhaul completedPositive
Reuters — A board restructuring that began in 2023 was finalised.

History

Incidents & enforcement

2018-06-22Enforcement
JFSA business improvement order on AML and internal controls; remediation confirmed closed in 2019.