Thank you for always using CROSS exchange.
On January 21, 2020, the Financial Services Agency of Japan (Japan FSA) issued a warning to our provided services.
The contents included CROSS exchange was conducting a virtual currency exchange business for residents of Japan via the Internet.
In this regard, we would like to provide commentary from C Base Fintech Lab LLC, which operates CROSS exchange.
C Base Fintech Lab LLC is a global financial company located in the Republic of Azerbaijan, and there is no recognition that CROSS exchange has specially conducted a cryptocurrency exchange exclusively for Japanese residents. This warning is very regrettable as we have received no previous inquiry from the Japanese FSA thus far.
At the current stage, unfortunately there is a difference in views between the Japanese FSA and ourselves. However, we will work to accurately communicate our management policies and gain an understanding going forward.
CROSS exchange provides services allowing customers to securely store and operate their financial assets. There is no change in our operation policy of KYC and AML (anti-money laundering). Users can continue to use our services with confidence.
Thank you for your continued support.