RedotPay has suspended new registrations in Japan and announced that it will also stop distributing its app. It has also announced that it acquired domestic registered crypto asset exchange BTCボックス, although the timing and purchase price were not disclosed. BTCボックス has repeatedly resumed and temporarily suspended operations following an extended suspension in the past.
RedotPay has suspended new customer registrations in Japan and stopped distributing its app on the Japanese App Store and Google Play. Services for existing users are also expected to be phased out.
RedotPay announced that it had acquired the domestic registered crypto asset exchange BTCボックス, but did not disclose the timing or purchase price. BTCボックス had not issued an official announcement as of the 24th.
BTCボックス was registered under Kanto Local Finance Bureau Commissioner Registration No. 00008 in September 2017 and is said to offer 7 crypto assets. It was also subject to an administrative sanction in 2018.
BTCボックス suspended its services from 29 January and continued the suspension for at least six months before announcing the resumption of bitcoin trading and account openings on 30 September. On 22 October, however, it temporarily suspended all services again.