Yahoo Japan will be launching its own cryptocurrency exchange, according to reports from Nikkei Asian Review. The company will soon be taking a 40% ownership stake in BitARG, a digital currency exchange that’s already licensed by Japan’s FSA. Yahoo Japan will ultimately use BitARG’s technology to set up an exchange of their own. Japan is a lucrative market for cryptocurrency exchanges, since the country is the largest Bitcoin market in the world. Over 50% of all Bitcoin transactions are denominated in Japanese yen.
Yahoo Japan Plans to Launch Cryptocurrency Exchange
Cover image via u.today
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