Japanese Financial Institution Set to Launch a Digital Currency Exchange
Japanese financial services group SBI is set to launch a platform that enables the trading and exchange of virtual currencies, citing increasing interest in virtual currencies like bitcoin which is proving popular among everyday investors. An announcement reveals the new company to be aptly titled SBI Virtual Currencies Co., Ltd., and will be established tomorrow, November 1, 2016, in Tokyo, Japan. At the time of its publishing, the company had raised 300 million yen (approx. $2.85 million USD) in capital. An excerpt from SBI’s press release revealed the factors behind the traditional....
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