Yahoo Japan to Launch its cryptocurrency exchange despite the fact Binance is having conflicts with FSA
|- Yahoo Japan to acquire a 40% stake in the new exchange platform.
- The engineers and executive to take a year to complete development of the cryptocurrency exchange platform.
Japan has always been known as the country that exemplifies what technology should look like in the present day and even the future. Yahoo Japan plans to partner with BitARG Exchange to develop a new crypto exchange platform. This is coming only a few days after Binance, the largest cryptocurrency exchange was issued with a shutdown, or criminal risk charges notice if it does not acquire a license to operate in the country. The Financial Services Agency has been tightening its grip on cryptocurrency companies, coins and activities.
According to Nikkei Asian Review:
“In a move that may touch off a realignment in the cryptocurrency exchange business, Yahoo Japan next month will acquire 40% of operator BitARG Exchange Tokyo, then launch a full-blown exchange in April 2019 or later.”
Another quote reads:
“Starting next month, YJFX executives and engineers will be dispatched to BitARG, where they will spend about a year developing the new exchange system. They will also work on a corporate governance structure, a customer management system and internal controls.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.