Yahoo Japan to launch a cryptocurrency exchange according to local report

Yahoo Japan joint venture between Yahoo! (now Altaba) and the Japanese company SoftBank is planning to launch its own cryptocurrency exchange, according to reports from Nikkie Asian Review.

According to the report Yahoo Japan will own 40% in the BitARG Exchange Tokyo and will the year in using BitARG’s technology to build a full-fledged exchange by 2019.It cost them 2 Billion Yen ($19 Million).They are said to make new investments even more in early 2019 through YJFX, which is a Yahoo-owned forex transaction platform.

BitARG is licensed by the FSA which has ramped up regulations due to the Coincheck hack of $533 Million. FSA issued month-long suspensions for two exchanges in the country. also issued a warning to one of the largest exchanges, Binance (which is moving to Malta from Hong-Kong)

Japan has become one of the important center for crypto trading and has the most advanced and relatively favorable regulations in the world leading many mainstream companies to develop their cryptocurrency products.

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