Our Company has received the order to strengthen regulation according to Act on Prevention of Transfer of Criminal Proceeds. Thus, related terms and conditions have been revised.
If you wish to use our BTCBOX service, please read through the “Terms of Use” stipulated by the Company at least once.
Article 2 Changed items
Before Revision
Article 2 (About Customers)
1. For people under the age of 20 who would like to use this service, a parent or guardian need to issue a consent form and provide proof of identity.
2.This service cannot be used by residents or currently resident in the United States of America and non-cooperative regions and countries against money laundering and the financing of terrorism.
3. If the law of your place of residence does not allow the start of a bank account in Japan, you cannot use this service.
After Revision
Article 2 (About Customers)
- For people under the age of 20 who would like to use this service, a parent or guardian need to issue a consent form and provide proof of identity.
- In case of minor users, even if without a legal representative, found guilty of giving false consent of a legal representative or providing false information about age, and showing other actions of fraud in order to convince others, no legal action that will be taken cannot be undone in regards to our service.
- When minor users become of legal age during the use of our service, the user will be deemed to be approved of all legal actions upon continuing their use of our service.
- In case of countries and regions of non-cooperative jurisdictions concerning Laundering money and financing of Terrorism, or residents of the United States, and other cases where the Company deems the provision of its service as improper, this service cannot be used.
- If the law of your place of residence does not allow the start of a bank account in Japan, you cannot use this service.
Article 3 Change of Information and Additional items
Before Revision
Article 3 (Open an Account)
After Revision
Article 3 (Open an Account or Change of Personal information)
Additional Clauses
６. In case of submitting any documents to the Company, if any of the following items are correlated, re-submission of revised documents will be necessary.
- (1)in case of confirmation context is unclears
- (2)in case of Personal identification documents have expiry, but the expiry date has exceeded.
- (3)in case of Personal identification documents have no expiry, but the Company deems the documents to be invalid.
- (4)in case of the Company deems it necessary, we might request of other Personal identification documents other than the ones submitted.
7. Please inform the company invariably in case of registered customers who are Politically Exposed Persons, or are relatives of Politically Exposed Persons.
8.The Company will not take any responsibilities in regards to any damage or disadvantage caused due to change of the customers personal information in case of the customer has not responded to notifications or document submissions as requested by the company.
9. At a time of using our service, the Company may conduct confirmations on transaction determined by law and ordinances. In this case, the registered customers shall respond to this confirmation, otherwise he/she might be judged as not appropriate to use all of or part of our service. The customer cannot object to this.
Article 24 Revised items
Before Revision
- The Company will stop the use of this service, freezing of the customers assets and take other measures in accordance with the Company’s discretion if the customer is judged of having performed the following actions.
(14) When the customer gives no response to the confirmation of “personal identification procedure or transaction” by the company based on the Crime Revenue Transfer Prevention Act (in case of no response to the necessary transaction confirmation within the agreed period is also included)
After Revision
- The Company will stop the use of this service, freezing of the customers assets and take other measures deemed appropriate in accordance with the Company’s discretion if the customer is judged of having performed or he/she is highly suspected to the following actions.
(14) When the customer gives no response to the confirmation of “personal identification procedure or transaction” by the company based on the Crime Revenue Transfer Prevention Act (case of no response to the necessary transaction confirmation within the agreed period is also included (in case of no response to the necessary transaction confirmation within the agreed period, when there is no reply from the customer, when notification has been send by email and post to the customers address but are not replied to are is also included)
Article 27 Additional items
Article 27 Additional items
Article 27(AML/CFT Cooperation and support)
- On the issue of implementing countermeasures regarding Money Laundering and Financing of Terrorism, the Company will inquire the customer of submitting information about the transaction content, to whom it will be transferred, and the purpose of the act if the Company deems it necessary that the customer’s transaction content has to be examined. we hope for your cooperation.
- In the process of examination and confirmation as noted in the previous item, with specific transaction content, the customers explanation content and other circumstances in consideration, if the Company deems there be any collision with submitted information in regards Economic sanctions, Money Laundering and Financing of Terrorism, the customer’s cryptocurrency transaction, deposits・withdrawals of Japanese Yen, deposits・paying out of cryptocurrency will further be restricted of use.
- Even if damage or disadvantage occurs to the customer concerning the measures that will be taken as noted in the previous item, the Company will not take any responsibility.