Leading Japanese Banks Invest Into Bitcoin Exchange, Aim at Global Remittances Market
Japan is a huge market for Bitcoin. It has even gotten bigger following the recent series of regulatory measures introduced in parts of China. The country is now deemed to be above the US and China as the highest-volume country for Bitcoin trading in the world. Japan's leading banking groups are pouring money into the country’s largest Bitcoin exchange, BitFlyer. The experiment they are about to perform means a lot for the global financial services market.The $1.75 mln funding comes from Mizuho Financial Group, Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Dai-ichi Life Insurance, a part of Dai-ichi Life Holdings. https://cointelegraph.com
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