Cryptocurrency Exchange HitBTC Suspends Trading Services in Japan

in #hitbtc • 6 years ago (edited)

Due to unauthorize financial regulatory, Hitbtc has suspended its services in Japan. The citizens with Japanese IP addresses were asked to provide their residency details within exchange’s KYC process to prove they are not resident of Japan.

Infact, the official website of Hitbtc added a Service Restriction section to the legal information page in Terms of Service.

You shall not use our services and immediately cease using those if you are a resident or become a resident. And at any time of the state or region where Hitbtc is not authorizing to act.

Hitbtc Crypto Exchange suspended Services in Japan.jpg

The Hitbtc exchange claims for confirmation on residency information with KYC process. If technology detects that someone uses our services from a Japan IP address. However, on Sunday, June, 3rd 2018 Hitbtc official announced on website combining that service suspension for only those who resides in Japan.

The Article was Originally Published here- Hitbtc Crypto Exchange suspended Services in Japan

#cryptoexchange #japan #cryptoregulations
6 years ago in #hitbtc by
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