According to the reports from Nikkei Asian Review, Yahoo Japan will launch Cryptocurrency Exchange. It will be using BitARG Exchange Tokyo’s system and will also be investing to acquire 40% of BitARG Exchange.
FSA as been informed by the two companies of the partnership and will seek to be compliant with the FSA regulations.
Yahoo subsidiary YJFX, will pay $19 Million USD for 40% stake in BitARG. Development of new Cryptocurrency exchange will begin next month.