According to Nada News, cryptocurrency payment service provider RedotPay announced its acquisition of BtcBox, a licensed cryptocurrency exchange in Japan, aiming to expand its business in the Japanese market through a compliant, licensed entity. RedotPay acknowledged that its existing services for Japanese residents did not comply with local regulatory requirements due to the lack of a prior license in Japan. It has completely suspended new user registrations and downloads/distribution on the Japanese App Store and Google Play, and will gradually restrict and eventually shut down its existing operations. BtcBox, founded in 2014, obtained a cryptocurrency exchange license in Japan in September 2017. It temporarily suspended services in January of this year due to a customer information leak, but gradually resumed operations in early August after strengthening security and access key authentication. https://www.(wublock123.com)/news/redotpay-acquires-japan-licensed-exchange-btcbox-pauses-japan-registrations-70649