Yahoo Japan Purchased a Stake in Japanese Cryptocurrency Exchange
Yahoo Japan owned Z Corporation acquired a 40 percent stake in BitArg Exchange Tokyo valued at two to three billion yen about 18.6 to 27 million USD dollar according to Reuters and Yahoo Japan said in statement that exchange is set to launch in the autumn of 2018. In a explainatino they have confirmed that it has purchased a minority stake in Japanese cryptocurrency exchange and will launch in 2018 and in a statement they expalin that by utilizing service operation and security expertise of Yahoo group we support the operation of exchanges operated by BitArgo Exchange Tokyo. Yahoo Japan said adding that it will aim to provide services that are easy to use and safe.
Previously reported, in March rumors first emerged they indicated that Yahoo Japan would make investment through its forex transaction platform, with more than three million domestic crypto traders Japan is an industry hub and investment news appear just days after financial regulator of Japan ordered crypto exchanges Eternal Link and FSHO to cease operations due to unsatisfactory procedures.
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