TOKYO -- Yahoo Japan is poised to acquire a 40% stake in BitARG Exchange 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 ($19m). The deal comes as Japanese regulators are considering whether or not they should allow bitcoin exchanges and other digital currency businesses to operate within their borders.
Yahoo Japan is poised to acquire a 40% stake in BitARG Exchange 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 ($19m). The deal comes as Japanese regulators are considering whether or not they should allow bitcoin exchanges and other digital currency businesses to operate within their borders.