Remixpoint announced that its subsidiary BITPoint has just opened its website.

As the prevention of global money laundering was one of the main theme to be discussed at G7 Ise-Shima summit which was held on May 26 and 27, 2016, building and maintaining framework for cryptocurrencies with increasing trading volume such as Bitcoin and Ethereum has been required.

In Japan, on May 25, 2016, the Diet enacted a bill to revise the fund settlement law in order to help ensure better protection of users. And under the revised law, virtual currency exchange operators are required to register with the Financial Services Agency. The new rule defines virtual currencies as “asset-like values” that can be used in making payments. Bitpoint has been considering the related regulations, and it will develop the same level of management system as one required for financial services operators to ensure secure trading of cryptocurrencies.

In addition to transactions of cryptocurrencies, BITPoint plans to provide various services such as transfer and settlement cryptocurrencies in the country and overseas and exchange service of electric money and point in the future.

BITPoint is scheduled to accept account opening applications from June 4, 2016 and provide spot transaction from the end of July and margin transaction from the beginning of October this year.


(Source: remixpoint )