Listen to "Reality Check with Ben Swann" on Spreaker.

Yahoo Japan To Purchase 40% Stake in Cryptocurrency Exchange

Must Read

Vaccine Passports Used To Create A Lesser Class of Citizens?

Vaccine Passports Used To Create A Lesser Class of Citizens? - powered by ise.media Are vaccine passports being used to...

Arizona Law Gives Business Owners Authority Over Mask Mandates

Arizona Law Gives Business Owners Authority Over Mask Mandates - powered by ise.media Texas lifted its mask mandate a few...

19,000 Children Have Crossed The Border Alone/Sexually Abused at San Antonio Facility?

19,000 Children Have Crossed The Border Alone/Sexually Abused at San Antonio Facility? - powered by ise.media Texas governor Greg Abbott...
Brenden Weberhttp://alteredoutlook.fireside.fm/
Brenden Weber is a recent college graduate from the University of Iowa with a degree in Political Science and Philosophy. He is a writer in journalism and opinion pieces; podcaster in politics, philosophy, and cryptocurrency; and owns a small business in Salt Lake City Utah. https://steemit.com/@brendenweber https://thephilosophyguy.fireside.fm/

Yahoo Japan recently confirmed they are buying a 40 percent stake in BitArg(ARG) Exchange Tokyo, as ARG announced it would accept minority stake capital participation from Z Corporation, an owned subsidiary of Yahoo Japan Corporation.

The exchange operator explained (translated):

“As a result of this capital participation, the Company will be able to utilize the service operation and security expertise of the Yahoo Japan Group, which will make it easier for customers to prepare for the start of the exchange service managed by the Company and to improve the operation after the commencement we will promote the provision of secure exchange services.”

- Newsletter -

This comes after another recent move by a major Japanese company, Monex Group Inc., announcing last week it would buy 100% of Coincheck Inc for $34 million. Yahoo Japan maintains a major tech presence in the country, ranking at #4 by user traffic and #40 globally. The launch of the newly developed exchange is planned for April 2019, with plans to make further investments through subsidiaries over the year prior to launch.

According to Yahoo Finance, “unofficial figures of the capital” are between $18.5 million and $27.8 million.

This recent move by Yahoo Japan does not come as a surprise, as in late March Nikkei reported on the company’s intentions to open a cryptocurrency exchange and plans to acquire a stake in BitARG Exchange.

These major corporate investments into cryptocurrencies also come after recent news of Japanese crypto exchanges closing because of the government’s regulations. Last April, the Japanese Financial Services Agency(JFSA) passed regulatory action requiring crypto exchanges to register with the agency, which is the same ruling that allowed for Bitcoin as payment.

Japanese citizens remain one of the leading locations for cryptocurrency involvement by the population. Coindesk reported that Japan’s Financial Services Agency(FSA) found that Japan has 3.5 million individuals that are trading with cryptocurrencies.

- Advertisement -

Featrued Sponsors

video

Texas Files Lawsuit Asks SCOTUS To Block 4 States From Participating in Electoral College

Texas Files Lawsuit Asks SCOTUS To Block 4 States From Participating in Electoral College - powered by ise.media Check out our sponsor Kim Daly and...

Unstoppable Domains

Uncensorable blockchain domains. Every domain purchase supports Ben Swann and Truth in Media

Holland Center

Holland Center is a day treatment program and medical clinic for children with autism.
- Advertisement -

Latest News

Vaccine Passports Used To Create A Lesser Class of Citizens?

Vaccine Passports Used To Create A Lesser Class of Citizens? - powered by ise.media Are vaccine passports being used to...
video

Arizona Law Gives Business Owners Authority Over Mask Mandates

Arizona Law Gives Business Owners Authority Over Mask Mandates - powered by ise.media Texas lifted its mask mandate a few weeks ago, and the COVID...
video

19,000 Children Have Crossed The Border Alone/Sexually Abused at San Antonio Facility?

19,000 Children Have Crossed The Border Alone/Sexually Abused at San Antonio Facility? - powered by ise.media Texas governor Greg Abbott says that his office has...
video

Pentagon’s “COVID Detecting Microchip” For Under Your Skin?

Pentagon's "COVID Detecting Microchip" For Under Your Skin? - powered by ise.media A new report from 60 Minutes includes an interview with a scientist from...
video

Life Insurance Unchanged By COVID?

Life Insurance Unchanged By COVID? - powered by ise.media Bob Burnett explains how life insurance rates are telling a very different story about the COVID...
- Advertisement -

More Articles Like This