According to the announcement, despite the fact that SBI Virtual Currencies platform has already started offering account registrations to certain priority investors, the launch of crypto exchange will be delayed. SBI will postpone applications from ordinary customers and push the date of the start of trading.
The reasons for the delay is that the platform needs more time to strengthen security measures and to determine how to manage asset custody and finalize its customer management system.
In October 2016, SBI announced its plan to establish SBI Virtual Currencies. It completed business registration with Japan's Financial Services Agency (FSA) in September 2017. But in December of last year, the firm postponed its schedule for accepting account registrations from the general public.
The latest delay comes after FSA increased its scrutiny over Japan's cryptocurrency exchanges regarding security issues.