GMO and Kabo Among 18 Japanese Firms Applying for a Bitcoin Exchange License

[kreslik.news]

Approximately eighteen firms are in the process of applying for a Japanese bitcoin exchange license according to the Japan Cryptocurrency Business Association, the Nikkei Asian Review reports. These include currently operating cryptocurrency trading venues, such as Japan’s biggest bitcoin exchange bitFlyer, as well as some new names.

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Among those newer-to-the-field applicants we can see some very strong and known brands from the finance sector including: GMO Internet, Inc. (TSE: 9449), financial services conglomerate SBI Holdings (TYO:8473) and Kabu.com Securities.

The most obvious reason for this ... (read more)