Bitget Wallet Joins BCCC to Participate in Japan Self-Hosting Discussions

Bitget Wallet joins the Japan-based Blockchain Collaboration Alliance to participate in discussions on new rules for encryption services

As Japan is formulating new rules for encryption services and regulators are also reviewing how self-hosting platforms should be characterized, Bitget Wallet has officially joined the Japan-based Blockchain Collaboration Alliance (BCCC) as part of this process.

Industry Access and Strategic Significance

The BCCC that Bitget Wallet joined this time represents more than 270 companies and organizations in the blockchain field. The wallet program participates in discussions on topics including self-hosting, wallet standards, decentralized finance (DeFi) regulation, and stablecoins. The establishment of membership comes after Japan's new regulations on crypto service intermediaries come into effect in June 2026.

Currently, Bitget Wallet serves more than 100 million users and supports access to more than 130 blockchain networks. In communication with the media, Bitget Wallet said that joining BCCC will give it a place in Japanese industry discussions, which mainly involve wallet standards, decentralized finance, stablecoins, and how to deal with services where users control their own private keys.

This self-managed wallet has officially entered the policy discussion level in the Japanese industry for the first time. Founded in 2016, BCCC is Japan's first blockchain industry association and now has more than 270 member companies and organizations. The alliance has specialized committees covering areas such as blockchain technology, financial services, DeFi and stablecoins, where members discuss use cases and regulatory issues and interact with policymakers.

Focus on the distinction between self-hosting and supervision

The background of this membership is that Japan's new regulations provide a more detailed classification of cryptocurrency service intermediaries, focusing on regulatory differences between trusteeship businesses and platforms that do not control customer assets.

Hosted services hold assets or private keys on behalf of customers; in self-managed wallets, users retain their own private keys and are responsible for self-authorizing transactions. Bitget Wallet plans to use its membership in the BCCC to share experience operating in international markets and participate in discussions on how self-hosting services should operate within Japan's evolving framework.

"Japan is one of the few markets where technological development and management clarity are advancing in parallel." said Alvin Kan, chief operating officer of Bitget Wallet. He pointed out that self-hosting is gradually becoming part of the country's formal policy debate, so there is a need to establish industry standards that both protect users and adapt to the way self-hosting products operate.

"We hope to bring hands-on experience from global markets into this conversation to help build frameworks that are useful to users and feasible for the industry." He added.

Product expansion and market performance

Bitget Wallet's product line has gone beyond basic token storage and on-chain transfer functions. In July, the company launched an "Assetback" feature that allows eligible cardholders to automatically convert spending rewards into assets including Bitcoin, tokenized gold, tokenized U.S. stocks and USDC.

At the time, Bitget Wallet said it had more than 100 million users and that spending through its cards had almost tripled in the first half of 2026. The company reported monthly crypto card payment transactions of $656 million in May, compared to $271 million a year earlier. However, these data are provided by the companies themselves and have not been independently audited.

Evolution of Japan's Crypto Regulatory Framework

In 2026, Japan adjusted several parts of its digital asset rules, covering taxation, market regulation, and the government structure responsible for overseeing the sector.

Japan's Financial Services Agency (FSA) established a special "Cryptocurrency and Stabiloin Department" in August this year to incorporate cryptocurrency supervision, digital payment planning and related innovation work into independent department management. The reorganization follows legislative work and aims to include cryptocurrencies in the financial instruments framework. In June this year, Japan's House of Representatives advanced a crypto bill to classify digital assets as financial instruments under the Financial Instruments and Transactions Act.

This legislation opens the way for regulated cryptocurrency exchange-traded funds (ETFs) and introduces insider trading and compliance provisions in the field. This is linked to a systematic plan to eventually apply a 20% tax rate to cryptocurrency gains, replacing the previous higher tax rate faced by some investors.

At the same time, Japanese regulators are also stepping up enforcement efforts against companies that provide services in Japan without authorization.

Bitget Exchange withdraws from Japanese market

BCCC membership only involves Bitget Wallet, a self-managed product, while centralized cryptocurrency exchange Bitget faces a different regulatory situation in Japan.

Previous reports have shown that Bitget has gradually withdrawn its exchange services in Japan since August this year due to repeated warnings issued by local regulators. The exchange has stopped accepting new registrations from Japanese residents and has set November 1 as the date when restrictions begin to apply to existing resident accounts. Positions that remain open as of December 31 will be automatically closed.

As early as March 2023, the Japan Financial Services Authority issued a warning about Bitget allegedly providing services to unregistered users. A second warning was issued in November 2024. In June 2025, the Kanto Finance Bureau issued a warning to BTG Technology Holdings Limited, an entity operating under the name Bitget, stating that the company had solicited online OTC derivatives trading without the necessary registration.

In contrast, Bitget Wallet does not keep a user's private key. Part of its participation in BCCC is to explore how Japanese regulations distinguish between services built around users 'direct control of assets and business models that hold assets for customers.

Opens wallet standards discussion

Through the BCCC committee, Bitget Wallet plans to participate in various work on DeFi regulation, wallet standards, and consumer understanding of self-hosting.

The alliance has members from different areas of Japan's blockchain industry and provides a common forum for participants to discuss technical and regulatory issues with other companies and policymakers. For Bitget Wallet, these discussions come at a time when its products are increasingly integrating self-managed asset management and payment capabilities. The company has previously integrated Solana Pay to support direct USDC and SOL transactions and has developed card and merchant payment services in multiple international markets.

As Japanese policymakers continue to consider rules for crypto intermediaries and the regulatory treatment of services that retain control of customers 'private keys, Bitget Wallet will participate with its operating experience.