Yahoo Japan Launching Cryptocurrency Exchange
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Yahoo Japan is planning to launch its own exchange in April 2019 or later, Nikkei Asian Review reported.

The tech firm will begin an acquisition of BitARG Exchange Tokyo in April and will spend the next year using BitARG’s technology to build a full-fledged exchange.

Yahoo Japan will purchase the shares in BitARG through its subsidiary YJFX, a forex transaction platform. The 40 percent stake will cost the firm around 2 billion yen ($19 million), says Nikkei.

The additional investments will be made from January to March 2019 through another Yahoo group company.

YJFX executives and engineers will be dispatched to BitARG starting next month to develop the new exchange system. They will also work on a corporate governance structure, a customer management system and internal controls.

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