Bitget Wallet Joins BCCC to Shape Japan's Self-Custody Debate

Bitget Wallet has joined Japan's Blockchain Collaborative Consortium (BCCC) to participate in discussions about self-custody services. The wallet, which serves more than 100 million users and supports integrations with over 130 blockchains, plans to share its experience gained from operating across international markets.

The BCCC membership comes after new Japanese rules for cryptocurrency service intermediaries took effect in June, putting a focus on the regulatory distinction between custodial businesses and platforms that do not take control of customer assets. Bitget Wallet does not hold users' private keys, instead relying on direct user control of assets.

Bitget Wallet's COO Alvin Kan stated, 'Japan is one of the few markets where technology development and regulatory clarity are advancing in parallel.' He added that self-custody is becoming part of Japan's formal policy debate and needs standards that protect users while taking into account how self-custodial products operate.

The wallet has been expanding its products beyond basic token storage and on-chain transfers. It introduced Assetback, a feature allowing eligible card users to automatically convert purchase rewards into assets including Bitcoin, tokenized gold, tokenized U.S. equities, and USDC. The company reported monthly crypto card payment volume of $656 million in May, compared with $271 million a year earlier.