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Hong Kong-based stablecoin payments firm RedotPay has acquired Japanese cryptocurrency exchange BTCBOX. Through the acquisition, RedotPay plans to offer crypto services that comply with local Japanese regulations.
BTCBOX was founded in 2014 and was registered as a Japanese cryptocurrency exchange operator in September 2017. The exchange fully suspended services in January after a customer data leak and resumed them in stages from August. RedotPay plans to provide BTCBOX with funding and technical support.