Explanatory documents based on Article 16 and Article 17 of the Cabinet Office Ordinance on Cryptocurrency Exchange
（Based on the interpretation of Article 16）
At present, the cryptocurrencies (Bitcoin, Bitcoin cash, Ethereum, and Litecoin) traded by the company are not the legal currency of Japan or other countries. In addition, the cryptocurrency (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
①Company Name: BTC Box Co., Ltd.
②Address: 8-1, 2-Chome, Kayabacho, Nihonbashi, Chuo-ku, Tokyo 103-0025 BRICK GATE Kayabacho 5F
２．The company’s cryptocurrency dealer login number
Kanto District Finance Bureau No. 00008
３．The company’s transaction content
①Bitcoin, Bitcoin cash, Ethereum and Litecoin
Provide a platform for customers who want to buy and sell cryptocurrency (Bitcoin, Bitcoin Cash, Ethereum, Litecoin). The price is determined by both the buyer and the seller.
②Bitcoin credit sale
Users who want to buy and sell Bitcoin credits need to deposit the yen in a margin account as a guarantee.
③Deposit and Send Bitcoin, Bitcoin Cash, Ethereum and Litecoin
Access and send Bitcoin, Bitcoin cash, Ethereum and Litecoin between accounts and to external links
４．Cryptocurrency processing overview
①Cryptocurrency 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
②Cryptocurrency 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.
③Cryptocurrency name: Ethereum
Ethereum can be used as a measure of price among unspecified people. In addition, Ethereum can be bought and sold between unspecified people.
There are no restrictions on Ethereum’s issuers, and this cryptocurrency can be exchanged with the yen and other countries’ currencies. In addition, there are exchange platforms for the Japanese Yen and other national currencies and Ethereum.
④Cryptocurrency name: Litecoin
Litecoin can be used as a measure of price among unspecified people. In addition, Litecoin can be bought and sold between unspecified people.
With no restrictions on the issuer of Litecoin, this cryptocurrency can be exchanged with the yen and other countries’ currencies. In addition, there are exchange platforms for the Japanese Yen and other national currencies and Litecoin.
５．About the price fluctuation risk in the Cryptocurrency transaction process
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 cryptocurrencies 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 cryptocurrency.
In addition to the aforementioned price fluctuation risks, there are various other risks in the cryptocurrency transactions. Please read “cryptocurrency trading risk” in the terms of use, and conduct cryptocurrency transactions based on your own judgment based after fully understanding of the risks.
６．Separate management method
①Management of deposited cash
The deposited funds will be 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
②Pre-stored cryptocurrency management methods
The company deposits the cryptocurrency deposited by the customer with the company’s own cryptocurrency into a different wallet. The customer’s cryptocurrency is protected by a cold wallet and a hot wallet. The company’s inherent cryptocurrency is in principle only deposited into the cold wallet.
The company has built a way to prevent the cryptocurrency 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 cryptocurrency will be deposited in a hot wallet. In case the customer’s cryptocurrency balance on the blockchain is lower than the cryptocurrency balance on the account, the company’s inherent cryptocurrency 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 cryptocurrency loaned to the customer. In the hot wallet, the company’s inherent cryptocurrency and the customer’s cryptocurrency 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 cryptocurrency in the account every time.
７．About Fees
For the fee and other fees paid by the user, please refer to the “Fees introduction”.
８．Complaint window
＜contact information＞
BTCBOX Complaint Handling Department
(the location) 5th floor, BRICK GATE Kayabacho, 2-8-1, Kayabacho, Nihonbashi, Chuo-ku, Tokyo
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 cryptocurrency 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.
10．About the contract
The company requires users who use cryptocurrency 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.
11．Others
Please read the “Terms of Use” for the user to follow when using the company’s services.
- 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.