One of the world’s largest cryptocurrency exchanges HitBTC has stopped servicing clients from Japan due to inconsistencies with the regulatory requirements, but may resume the provision of services was through the company. This decision, according to the company, made after the discussion of the situation with the financial services Agency of Japan (FSA).

Representatives from HitBTC work on the legal aspects of the registration of the new company at the same time, there is a selection of staff and ongoing study possibilities of mergers and acquisitions, which should lead to the launch of operations in Japan in the third quarter of this year.

Recall that after breaking the crypto currency exchange Coincheck financial regulator of Japan have tightened requirements kriptonyte in General. Two local companies announced the termination of work, foreign Binance and Kraken said about leaving Japan. The crypto currency exchange Bitcoin Minnano received administrative instruction on the improvement of the business, and the exchanges of Tokyo and Mr GateWay. Exchange controller for a while stopped.