Pre-Contract Documents

Explanatory documents based on Article 16 and Article 17 of the Cabinet Office Ordinance on Virtual Currency Exchange

(Based on the interpretation of Article 16)

At present, the virtual currencies (Bitcoin, Bitcoin cash, Ethereum, and Litecoin) traded by the company are not the legal currency of Japan or other countries. In addition, the virtual currency (bitcoin, bitcoin cash, Ethereum, and Litecoin) does not have a specific person’s guarantee of its value.

(Based on the interpretation of Article 17)

1.The name and address of the company

Company Name: BTC Box Co., Ltd.

Address: 8-1, 2-Chome, Kayabacho, Nihonbashi, Chuo-ku, Tokyo 103-0025 BRICK GATE Kayabacho 5F

2.The company’s virtual currency dealer login number

Kanto District Finance Bureau No. 00008

3.The company’s transaction content

Bitcoin, bitcoin cash, Ethereum and Litecoin

Provide a platform for customers who want to buy and sell virtual currency (Bitcoin, Bitcoin Cash, Ethereum, Litecoin). The price is determined by both the buyer and the seller.

Bitcoin credit sale

Users who want to buy and sell Bitcoin credits need to deposit the yen in a margin account as a guarantee.

Deposit and Send Bitcoin, Bitcoin Cash, Ethereum and Litecoin

Access and send Bitcoin, Bitcoin cash, Ethereum and Litecoin between accounts and to external links

4.Virtual currency processing overview

Virtual currency name: Bitcoin

Bitcoin can be used as a measure of price among unspecified people. In addition, Bitcoins can be bought and sold between unspecified people.

There is no limit to the issuer of Bitcoin. Bitcoin can be exchanged with the yen and other countries’ currencies. In addition, there are exchange platforms for the yen and other national currencies and Bitcoin

Virtual currency name: Bitcoin cash

Bitcoin cash can be used as a measure of price among unspecified people. In addition, Bitcoins can be bought and sold between unspecified people.

There is no limit to the issuers of Bitcoin cash, which can be exchanged with the yen and other countries’ currencies. In addition, there are exchange platforms for the yen and other national currencies and Bitcoin.

Virtual currency name: Ethereum

Ethereum can be used as a measure of price among unspecified people. In addition, Bitcoins can be bought and sold between unspecified people.

There are no restrictions on Ethereum’s issuers, and Bitcoin can be exchanged with the yen and other countries’ currencies. In addition, there are exchange platforms for the yen and other national currencies and Bitcoin.

Virtual currency name: Litecoin

Litecoin can be used as a measure of price among unspecified people. In addition, Bitcoins can be bought and sold between unspecified people.

With no restrictions on the issuer of Litecoin, Bitcoin can be exchanged with the yen and other countries’ currencies. In addition, there are exchange platforms for the yen and other national currencies and Bitcoin.

5.About the price fluctuation risk of the processed virtual currency

Please understand that the prices of Bitcoin, Bitcoin cash, Ethereum, and Litecoin may fluctuate greatly every day, thereby bringing significant benefits or losses to users. The occurrence of various events in various parts of the world and the fluctuations in the value of virtual currencies based on them have risks. In the future, governments in various countries may prohibit the trading of Bitcoin, Bitcoin cash, Ethereum, and Litecoin, or create counterfeit currencies. This may have a greater impact on the value of the virtual currency.

In addition to the aforementioned price fluctuation risks, there are various other risks in the virtual currency transactions. Please read “virtual currency trading risk” in the terms of use, and conduct virtual currency transactions based on your own judgment based on a full understanding of the risks.

6.Separate management method

Management of deposited cash

The deposited funds will be managed separately from the company’s funds and deposited in a bank account named “BTEC Box (Ka)”.

Sumishin SBI Internet Banking Co., Ltd.

Japan Post Bank

Pre-stored virtual currency management methods

The company deposits the virtual currency deposited by the customer with the company’s own virtual currency into a different wallet. The customer’s virtual currency is protected by a cold wallet and a hot wallet. The company’s inherent virtual currency is in principle only deposited into the cold wallet.

The company has built a way to prevent the virtual currency balance on the user blockchain from being lower than the virtual goods balance on the account. In order to construct this measure, some of the company’s inherent virtual currency will be deposited in a hot wallet. In case the customer’s virtual currency balance on the blockchain is lower than the virtual currency balance on the account, the company’s inherent virtual currency will act as a virtual red pen for the customer. In addition, there is a hot wallet in the fee charged by the company and the virtual currency loaned to the customer. In the hot wallet, the company’s inherent virtual currency and the customer’s virtual currency are managed in accordance with the company’s internal regulations to prevent confusion with the customer’s property.

Let the customer clearly see the amount of virtual currency in the account every time.

7.About Fees

For the fee and other fees paid by the user, please refer to the “Book Renewal Manual”.

8.Complaint window

<contact information>

BTC Box Complaint Handling Department

(the location) 5th floor, BRICK GATE Kayabacho, 2-8-1, Kayabacho, Nihonbashi, Chuo-ku, Tokyo

Contact Form

We will make a fair and accurate response based on the business process* of the complaint.

※Please refer to our website (website: www.btcbox.co.jp) to view the complaint handling business process.

9.Dispute Resolution Measures

As a dispute resolution complaint handling measure, we will attempt to resolve disputes related to the virtual currency exchange industry through mediation or arbitral procedures of the Bar Association.

In addition, the company will follow the guidance and supervision of management responsibilities, abide by the rules set by the Bar Association, and make every effort to resolve disputes based on the regulation and arbitration of the Bar Association.

10About the contract

The company requires users who use virtual currency trading services to register. Once the user is logged in, he can use the company’s services if he knows that the account has been canceled.

11Others

Please read the “Terms of Use” for the user to follow when using the company’s services.

  1. Status of the Clause

This clause is a translated version of the Japanese version. It is for reference only and has no legal effect. Please refer to Japanese for details of the terms.

 

BtcBox Co.,Ltd.
Cryptocurrency Exchange Business Registration code Kanto Finance Bureau No. 00008
Japan Virtual Currency Exchange Association(JVCEA) Membership number 1008

〒103-0025 BRICK GATE Kayabacho 5F ,2 chome 8-1, Nihonbashi Kayabacho, Chuo-ku,Tokyo

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