World’s First Bank-Owned Cryptocurrency Exchange Launches Publicly in Japan
SBI Holdings, through its wholly-owned subsidiary SBI Virtual Currencies – the operator of VCTRADE – has now begun accepting applications from Japanese users for new accounts. The public launch sees the bank-backed cryptocurrency exchange open its doors for all Japanese residents between 20-70 years. At this time, the exchange is only accepting retail investors with no applications from corporate or institutional investors currently under consideration.
Good article, great news for crypto. We're slowly but surely making progress and acceptance of crypto to more and more people all over the world. To many people having a bank own an exchange makes it more legit and gives them confidence that their money is safe. I'm not sure I agree with that, but whatever drives people to crypto is good with me. :)
Read the full story here...
https://www.ccn.com/worlds-first-bank-owned-cryptocurrency-exchange-launches-publicly-in-japan/
Bitcoin holding above $6700
Despite the challenges and collaborated resistance, crypto continues to move forward.
Seems like I read about progress everyday. :)
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Good your post I very very likely
Thanks :)
Great news. I hope all the banks follow this trend.
Me too, Japan seems to be a leader....
Mass adoption of crypto has become sort of a challenge for the crypto community on their own. I think by trusted institutions such as banks entering the crypto space then mass adoption will quickly become a reality. Maybe banks and crypto can actually coexist perfectly without one eliminating the other after all.
Maybe, I really don't think banks are just going to disappear, probably evolve...
many positive news, bitcoin beating $ 7000 until the end of the month
Bitcoin took that $7000 level down already :)
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Thanks
@onthehook8 You can read ....
It can be a struggle at times :)