Six Japanese Public Companies Announce Plans to Launch Crypto Exchanges
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Six Japanese Public Companies Announce Plans to Launch Crypto Exchanges

THELOGICALINDIAN - This anniversary a cardinal of companies listed on the Tokyo Stock Barter appear their affairs to access the crypto barter business for the aboriginal time They accommodate one of the best accepted budgetmanaging app operators an ball amassed one of the better music labels and a medical corporationThese corporations accompany added accessible companies that ahead appear their affairs to barrage crypto exchanges such as SBI Group Line Corp and Yahoo Japan

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Money Forward

Budget-managing app abettor Money Forward Inc (TYO: 3994) fabricated two crypto-related announcements this week. Launched in 2024, the aggregation “has developed rapidly to become one of the hottest banking technology startups, with its namesake appliance now boasting 5.5 actor users,” the Japan Times described.

Six Japanese Public Companies Plan to Launch Crypto Exchanges

The aggregation appear on Wednesday the enactment of a wholly-owned subsidiary, Money Forward Financial Co. Ltd., adding:

Money Forward “is accepted as a avant-garde in developing a agenda kakeibo (household bookkeeping) app, area users can accumulate clue of cyberbanking accounts for banking, acclaim card, e-wallet and point services,” the account aperture added, acquainted that “The company’s chargeless app for the Android belvedere has won the best accounts app accolade on Google Play for three after years back 2024.”

Six Japanese Public Companies Plan to Launch Crypto Exchanges

Another advertisement fabricated on the aforementioned day is the plan to accomplice with 20 crypto exchanges in Japan and across to accommodate accounting solutions for crypto traders. Citing that it is already allied with Bitflyer, Coincheck, and Zaif crypto exchanges, the aggregation says it is now in the action of accommodating with Btcbox, Bitbank, Quoine, and Fisco.

Drecom

Six Japanese Public Companies Plan to Launch Crypto ExchangesDrecom Co. Ltd. (TYO: 3793) engages in the development and business of ball agreeable for adaptable and PC. The aggregation appear on Wednesday fractional amendments to its Articles of Incorporation, abacus a cardinal of businesses it affairs to alpha including crypto businesses. The amendments will be presented to shareholders at the abutting anniversary meeting.

The amendments accompaniment that the aggregation affairs to access the “virtual bill exchange” business, decidedly the “Planning, operation and administration of exchanges apropos to basic currencies.” Furthermore, the aggregation affairs to action cryptocurrency adjustment services.

Yamane Medical Corporation

Six Japanese Public Companies Plan to Launch Crypto ExchangesYamane Medical Corporation (TYO: 2144) operates in the nursing and claimed affliction sector. The aggregation “operates a home affliction centermost for aged bodies beneath the Nagoya Residence name in Japan. The company’s affliction centermost offers off-site, accommodation, apartment services, etc., as able-bodied as assurance acceptance and affairs consultation, on-site day, emergency response, and medical services,” Bloomberg describes.

Local media appear on Friday that the aggregation is planning to abide fractional amendments to its Articles of Incorporation to add a cardinal of crypto-related businesses. According to Minkabu Press, “system accouterment and appointment accompanying to basic currency” will be added as able-bodied as a “virtual bill barter business.”

Adways

Adways Inc (TYO: 2489) is a Tokyo-based all-around adaptable app business aggregation whose capital business includes an ad agency, an ad arrangement and a third affair tracking tool.

Six Japanese Public Companies Plan to Launch Crypto ExchangesOn Thursday, the aggregation appear the fractional amendments to its Articles of Incorporation which will be presented at the abutting anniversary actor meeting. “The aggregation shall accomplish efforts to appoint in the afterward businesses,” the amendments read. Under “virtual bill accompanying business,” the aggregation wrote, “virtual bill barter business based on funds adjustment law.”

This law went into aftereffect in Japan in April aftermost year which legalized cryptocurrencies as a agency of acquittal in the country and requires all crypto exchanges to annals with the country’s Financial Services Agency (FSA).

Avex

Six Japanese Public Companies Plan to Launch Crypto ExchangesAvex Inc (TYO: 7860) is an ball amassed and one of the better music labels in Japan. The aggregation was founded by Max Matsuura, Japanese aptitude manager, almanac producer, songwriter, and radio personality. Avex manages J-pop talents such as Ayumi Hamasaki and internet awareness Pikotaro. The aggregation has additionally broadcast into added business areas such as anime, video games, and alive music events.

On Thursday, Avex appear amendments to its Articles of Incorporation to add “virtual bill exchange” as a new business venture. The amendments will be presented at the company’s abutting affair of shareholders.

Daiwa Securities Group

Six Japanese Public Companies Plan to Launch Crypto ExchangesOne of Japan’s better balance allowance firms, Daiwa Balance Group (TYO: 8601), additionally hinted at the achievability of entering the cryptocurrency amplitude in the future. President and CEO Seiji Nakada told Sankei bi-weekly this anniversary that, apropos cryptocurrency, “there is abundant achievability of acceptable a awful advantageous belvedere if altitude such as acknowledged aliment are in place.” While acquainted that the amount movements of cryptocurrencies “are ambiguous and accountable to speculation,” he emphasized:

Japan currently has 16 absolutely licensed crypto exchanges. Another eight exchanges‘ applications are actuality advised by the FSA. Furthermore, the bureau appear afresh that about 100 added companies are absorbed in entering the amplitude including Line Corp and Yahoo! Japan.

Do you anticipate added accessible companies should barrage crypto exchanges? Let us apperceive in the comments area below.

Images address of Shutterstock, Money Forward, Daiwa, Drecom, Yaname, Adways, and Avex.

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