Yahoo Japan mulls move into virtual currencies
In this article (4)
Yahoo Japan Corp. is considering entry into the virtual currency exchange business, according to sources. Via a subsidiary, the company is planning to buy a stake in bitARG Exchange Tokyo, a Tokyo-based exchange operator registered with the Financial Services Agency.
Blockchain technology, which is the basis of virtual currencies, is expected to be applied across various business fields. Yahoo Japan is apparently aiming to enter the virtual currency exchange business as soon as possible by forming a capital tie-up with a registered exchange operator.
The subsidiary is YJFX Inc., a financial futures trading company wholly owned by Yahoo Japan. The investment could be decided as early as in April.
Questions & Answers
Q.Which subsidiary is Yahoo Japan planning to use for this venture?
Which subsidiary is Yahoo Japan planning to use for this venture?
Yahoo Japan intends to use its wholly owned financial futures trading company, YJFX Inc., for its planned entry into the virtual currency exchange business.
Q.What is Yahoo Japan's apparent goal for entering the virtual currency market?
What is Yahoo Japan's apparent goal for entering the virtual currency market?
Yahoo Japan is reportedly aiming to enter the virtual currency exchange business as quickly as possible through a capital tie-up with a registered exchange operator.
Q.Which company is Yahoo Japan considering buying a stake in?
Which company is Yahoo Japan considering buying a stake in?
Yahoo Japan is planning to acquire a stake in bitARG Exchange Tokyo, which is a Tokyo-based exchange operator registered with the Financial Services Agency.
Reader pulse
Is this a smart move for Yahoo Japan?
16,145 votes so far