Thank you for using BTCBOX.
We would like to thank you for your understanding and cooperation of the relevant clauses in the Terms that have been revised to reflect the trustee implementation.
Terms of Agreement
Article 16 (Risk of Cryptocurrency Trading) 15. Bankruptcy risk
Before Revision
- The Company manages the Company assets and the deposited assets of the customers segregated. However, as no measures for Trust protection have been taken concerning these assets, in case of a bankruptcy occurrence, the Company will not be able to return the assets to the customer, and the customer might experience loss of assets.
After Revision
- The Company manages the Company assets and the deposited assets of the customers segregated. In addition, the Company has taken measures to protect the money deposited by customers to the Company by a trustee.
Pre-Contract Documents (Law)
６．Separate management method ① Management of deposited Japanese Yen
Before Revision
The deposited Japanese Yen is managed separately from the company’s funds and deposited in a bank account named “ビーテイーシーボツクス（カ”.
Sumishin SBI Internet Banking Co., Ltd.
Japan Post Bank
After Revision
The deposited Japanese Yen is clearly segregated from The Company’s Japanese Yen. The trust shall be administered to a deposit account at JSF Trust and Banking Co., Ltd. under the account name “ビーテイーシーボツクス（カ”.
Pre-Contract Documents (Rule)
２．Safety Storage of Customer Assets Related Items (1) Outline of Customer Assets Safety Storage ① Japanese Yen
Before Revision
The recorded Japanese Yen balance of the customer account, and customer Bank Account balance collation will be available during business hours. If it is confirmed that the recorded customer balance is lower than the customers Japanese Yen balance, this shortage shall be deposited to the customer account within 2 days from the date specified. Furthermore, the customer’s Japanese Yen balance recorded is stored to be manage so that the balance for each customer can be immediately identified.
After Revision
The recorded Japanese Yen balance of the customer account, and customer Bank Account (Trust account) balance collation will be available during business hours. If it is confirmed that the recorded customer balance is lower than the customers Japanese Yen balance, this shortage shall be deposited to the customer account within 2 days from the date specified. Furthermore, the customer’s Japanese Yen balance recorded is stored to be manage so that the balance for each customer can be immediately identified.
３．Risks associated with Cryptocurrency Related Transaction (7) Risk of Bankruptcy
Before Revision
- There is a risk that we cannot continue our business due to events such as changes in the external environment. In the case that we cannot continue our business, all processes including the treatment of customer assets shall be done according to Insolvency Law, Corporation Law, Corporate Rehabilitation Law, Civil Rehabilitation Law and other related laws.
- The Company shall manage the Company assets and the deposited assets of customers segregated. However, as no measures for Trust protection have been taken concerning these assets, in case of a bankruptcy occurrence, the Company will not be able to return the assets to the customer, and the customer might experience loss of assets.
After Revision
- There is a risk that we cannot continue our business due to events such as changes in the external environment. In the case that we cannot continue our business, all processes including the treatment of customer assets shall be done according to Insolvency Law, Corporation Law, Corporate Rehabilitation Law, Civil Rehabilitation Law and other related laws.
- The Company shall manage the Company assets and the deposited assets of customers segregated. In addition, the Company has taken measures to protect the money deposited by customers to the Company by a trustee.