Yahoo Japan is expected to acquire a 40 % stake in BitARG in Tokyo before launching its own cryptocurrency exchange after April 2019 . Yahoo foreign exchange transactions subsidiary YJFX will acquire the 40 % stake in BitARG shares for JPY2bn ( $ 500 million ) . The two companies have reported their capital tie-up plan to the FSA. Meanwhile , YJFX executives and engineers will spend a year at BitARG developing the new exchange system , a corporate governance structure , a customer support system and internal controls .
Yahoo Japan is expected to acquire a 40 % stake in BitARG in Tokyo before launching its own cryptocurrency exchange after April 2019 . Yahoo foreign exchange transactions subsidiary YJFX will acquire the 40 % stake in BitARG shares for JPY2bn ( $ 500 million ) . Meanwhile , YJFX executives and engineers will spend a year at BitARG developing the new exchange system , a corporate governance structure , a customer support system and internal controls .