Yahoo Japan is poised to acquire a 40% stake in BitARG Yahoo before launching its own cryptocurrency exchange after a year . YJFX foreign exchange transactions subsidiary YJFX will acquire the 40% stake in BitARG shares for JPY2bn ( $19m ). In a move that may touch off a realignment in the cryptocurrency exchange business, Yahoo Japan next month will acquire 40% of operator BitARG Exchange Tokyo, then launch a full-blown exchange in April 2019 or later. Meanwhile, YJFX executives and engineers will spend a year at BitARG developing the new exchange system, a corporate governance structure, a customer management system and internal controls.
Yahoo Japan is poised to acquire a 40% stake in BitARG Yahoo before launching its own cryptocurrency exchange after a year . YJFX foreign exchange transactions subsidiary YJFX will acquire the 40% stake in BitARG shares for JPY2bn ( $19m ). Meanwhile, YJFX executives and engineers will spend a year at BitARG developing the new exchange system, a corporate governance structure, a customer management system and internal controls.