According to ChainCatcher, RedotPay has acquired BTCBOX, Japan's crypto exchange, to provide services compliant with local regulations. The payment service provider previously lacked Japan's crypto asset exchange license and acknowledged its existing services to Japanese residents violated local requirements.

RedotPay has suspended new user registrations in Japan and delisted its app from Apple and Google Play stores. BTCBOX, established in 2014 and licensed since 2017, paused operations following a customer data breach earlier this year but resumed services in phases starting August 3. RedotPay will provide funding and technical support.

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