In late March 2018, we received a notice from the Financial Services Agency of Japan. Their accusation is "Your business for Japanese residents is in violation of the Japan Virtual Currency Law and you must promptly take corrective action".
We investigated the facts on this request and confirmed that this request is valid based on the relevant laws of Japan.
Also, during the response to this case, the FSA issued a warning against a major exchange in Hong Kong. We came to realize that it is necessary to investigate the regulations in individual countries and regions since they change rapidly.
Therefore, we decided to stop the provision of all the following services on March 31, 2018 and temporarily shut down the service website until confirmation about the legality of the project is established.
Disabled functions after April 1, 2018
*In order to preserve the rights and property on earned wages for users who earn compensation in Bounty and CPA affiliate program by March 31, 2018, the following functions can be used until April 30, 2018.
*Payout request was closed at April 30, 2018. After May 1st, service login is restricted except "CC Coin" holders. We will finish to secure and move "CC Coin" asset by June 29.
Regarding "CCM (CryptoClick Market)" we have been working on building a development and management system jointly with a number of companies including financial system vendors, we decided to withdraw our capital and continue development with the new regime.
All contracts with each token issuer that had been decided on listing in the past consultations are delegated to the new regime and development is progressing towards the service launch in the summer of 2018.
From October 2017 launched CCA, we have continued running forward without stopping.
We love the challenge for new things and highly appreciate Japan's efforts to improve the tax system and regulations in advance of the world to actively contribute for the sound development of the virtual currency market.
Unfortunately our business has been deemed no longer legal by Japanese laws and its interpretation, but we have dealt with this case as soon as possible with respect to their decision.
Now we aim to resume our service as fast as possible and communicate with relevant authorities.
We realized that everyone who uses our service is worried, but we do not wish to cause unnecessary anxiety and confusion for the Japanese FSA.
We promise that we will continue to release information so that we can respond to the trust of all customers.
CEO Aiko Shimizu
Crypto Click Limited
31st March, 2018