RedotPay has acquired the Japanese crypto asset exchange BTCBOX as it restructures its offering for Japan. The company intends to use BTCBOX's local registration to provide services that comply with Japanese requirements.
At the same time, RedotPay has paused new registrations in Japan and removed its app from the Japanese Apple App Store and Google Play. According to the report, RedotPay acknowledged that it does not hold the relevant Japanese crypto-exchange license and that its existing services for Japanese residents did not meet local requirements.
The current Japan-facing business will be restricted in stages before being shut down. Future compliant services are expected to be offered through BTCBOX, with RedotPay providing funding and technical support.
BTCBOX was founded in 2014 and received its Japanese crypto asset exchange registration in September 2017. The exchange temporarily suspended services following a customer data leak in January 2026 and began restoring them in phases on August 3.
For RedotPay card users in Japan, the key near-term development is the staged withdrawal of the existing service rather than the acquisition alone. The precise timetable and scope of the remaining restrictions have not been detailed in the cited report.