March 30, 2020
Announcement of Virtual Currency Exchange Service Provider Registration
OKCoin Japan K.K. (“OKCoin Japan”) announced today the completion of its registration with the Kanto Local Finance Bureau as a Virtual Currency Exchange Service Provider based on Japan’s Payment Services Act.
OKCoin Japan is the Japanese subsidiary of OK Group, one of the major global providers of Blockchain-based technologies and cryptocurrency-focused services. Since its establishment in September 2017, OKCoin Japan has focused on building a comprehensive framework of business operation and internal governance to ensure its compliance with the Payment Services Act and related regulations, business guidelines issued by the Japanese financial regulator Financial Services Agency (FSA), and self-regulatory rules promulgated by the Japan Virtual Currency Exchange Association (JVCEA). We have constructed a secure, stable, and robust service environment with enhanced KYC and dynamic customer risk profiling capabilities, solid customer asset protection measures, advanced cryptocurrency transaction technologies, and innovative product offerings that will serve investment needs of a diverse clientele ranging from individual traders to institutional asset managers. We have also developed and implemented proprietary AML/CFT technologies such as automated transaction filtering and monitoring systems as part of our effort to combat illicit activities in our industry.
OK Group, founded in 2013, is a global FinTech enterprise specialized in Blockchain and cryptocurrency with over 1,000 employees currently located in China, the United States, Malaysia, the Philippines, and several other locations in Asia and Europe. In addition to providing Blockchain and cryptocurrency exchange services, as a key strategy for global expansion, OK Group seeks to cooperate with industry leaders as local partners to jointly promote the development and commercialization of the Blockchain technology. Equipped with state-of-the-art technologies and products, OK Group aims to actively contribute to the advancement of the Blockchain industry worldwide.
By leveraging OK Group’s superior technologies and product offerings, OKCoin Japan will soon launch its exchange service for individual and corporate customers in Japan. Service details and schedule will be announced shortly. In the meantime, pre-registration of customer accounts are accepted on our website https://www.okcoin.jp.
About OKCoin Japan
OKCoin Japan is the Japanese subsidiary of OK Group, a leading global provider of Blockchain-based technologies and services. Founded in September 2017 and based in Tokyo, OKCoin Japan is poised to provide secure, stable, and innovative cryptocurrency trading services to individual and corporate customers in Japan.
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