Japan's Coincheck to Restrict Withdrawals to Newly Registered Addresses Starting September 15

Japan-based crypto exchange Coincheck is set to restrict withdrawals to newly registered addresses beginning September 15, according to a report originally published by finance.biggo.com. The change means users seeking to withdraw assets will need to use addresses registered under the exchange’s updated process.

The available report does not specify which assets are covered, how long address registration may take, or whether existing registered withdrawal addresses will be affected. Users of the platform may need to review Coincheck’s account notices and withdrawal settings before attempting transfers after the change takes effect.

Withdrawal-address registration, often referred to as address whitelisting, is commonly used by cryptocurrency platforms as an account-security measure. It can help limit transfers to destinations that have been added and verified through a user’s account, though it may also add steps before funds can be sent to a new wallet address. Coincheck is one of Japan’s established cryptocurrency trading platforms, operating in a market where exchanges are subject to regulatory and security requirements.