On June 1, 2023, the Act on Prevention of Transfer of Criminal Proceeds and related regulations were amended, and crypto asset exchange service providers in Japan were mandated to comply with the "Travel Rule."
In response to this legal amendment, bitbank has implemented the following measures since June 2023:
When sending crypto assets directly to a Virtual Asset Service Provider (VASP),including crypto exchanges and other financial service providers located in a jurisdiction designated by law (Notification-Required Jurisdiction*), we transmit user information as required before processing the transfer. If such notification cannot be made to the recipient VASP, the transfer will not be permitted.
Furthermore, effective from July 31, 2025, we have revised the method of designating recipients as follows:
Transfers can only be made to a Virtual Asset Service Provider (VASP),including crypto exchanges and other financial service providers that are eligible to receive direct crypto asset transfers. These VASPs must be selected from the "Exchange/Service" options provided.
Transfers to VASPs that are not listed in the selection options are not permitted.
Even if a VASP name is entered in the "Other (Free Input)" field, the transfer will not be allowed.
On the other hand, destinations that are not classified as VASPs (such as domestic lending services or blockchain games) may still be submitted through the "Other" field. These will be reviewed and approved or rejected by us.
*Please refer to the official documentation published by the Financial Services Agency (FSA) for the current list of notification-required jurisdictions.
List of Virtual Asset Service Providers (VASPs), including crypto asset exchanges and other financial service providers, that support direct crypto asset transfers
(*Please note: The list of eligible VASPs may be added to, removed, or revised in the future.)
bitbank.cc (Bitbank)
OKJ (OKCoin Japan)
SBI VC Trade
GMO Coin
BITPoint.co.jp (BITPoint)
BitTrade (formerly Huobi Japan)
Zaif.jp (Zaif)
CoinTrade.cc (Mercury)
BTCBOX.co.jp (BTC Box)
Rakuten Wallet
S.BLOX (formerly WhaleFin)
Coin Estate (formerly Himalaya Japan)
OSL Japan (formerly CoinBest)
TokyoHash.co.jp（HashKey Japan, formerly Tokyo Hash)
BACKSEAT (formerly coinbook)
BTM® (GAIA)
Binance.com Global
Bybit.com Global
MEXC.com
Bitget.com
OKX.com Global
KuCoin.com
Bitkub.com
Bitrue.com
MaiCoin.com
BitLending.jp
HashHub-Lending.com
BitMEX.com
Exness.com
Poloniex.com
MercadoBitcoin.com.br
Phemex.com
ProBit.com
WalletofSatoshi.com
KCEX.com
DigiFinex.com
PocketOption.com
WOO.org
Buda.com
BigONE
OctaFX.com
CoinSpot.com.au
BitoPro.com
XT.com
Coineal.com
FXGT.com
CryptoGT.com
VantageTradings.com
Custodiem.com