Bitcoin, Crypto currency, Blockchain

Crypto exchange HitBTC suspended services in Japan

Hitbtc yalls immediately the own Website and added the terms and conditions under section “Legal information” the following section:

“You may not use our services and must immediately cease to use this, if at any time you are in the States or a Region, in the HitBTC not to Act, is entitled to resident”

HitBTC has already been taken in the year of 2013, and is more than 300 crypto currencies.

The terms and conditions of use are:

“If our technology detects that you are using our services in Japan, registered IP address or other in Japan, the registered services, you will be asked to confirm that you are in Japan, living, by providing information about your residence in KYC procedures. If you are not resident in Japan and the opening of the verified PRO account and are interested, you can do this with the help of our partner Sequant Capital Limited, an FCA-regulated UK broker company.“

The Japanese financial services Agency has already authorized 16 crypto exchanges to the Act and a further 16 crypto exchanges are required to wait in the country on your authorization. It is obligatory to register with the Japan financial services Agency, in order to obtain a legal Status.

A report of Bitcoin.com according to HitBTC works in conjunction with a Japanese legal firm, with the aim “to bring Hitbtc by the local establishment and licensing procedures, to services for Japanese residents.”

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