Yahoo Japan to buy minority stake in cryptocurrency exchange

in #cryptocurrency • 7 years ago

Yahoo Japan Corp (4689.T) said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange, becoming the latest major Japanese financial services provider to shrug off security concerns and join the digital money industry.

Yahoo Japan.JPG

Yahoo Japan did not give details of the value of the investment. But a person familiar with the matter said it would likely total 2 billion to 3 billion yen (13.06 million pounds to 19.59 million pounds).

Shares in Yahoo Japan closed down 0.2 percent, against a 0.6 gain for the benchmark Nikkei average.

The deal comes after Japanese online brokerage firm Monex Group Inc sai

Read More: https://cryptoflash.io/posts/713492

#yahoo #japan #bitcoin #crypto
7 years ago in #cryptocurrency by
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