Japanese bitcoin exchange bitFlyer raises $27m in new venture capital
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Japanese bitcoin exchange bitFlyer raises $27m in new venture capital

THELOGICALINDIAN - Japanese bitcoin barter bitFlyer has reportedly aloft new adventure basic in the bulk of 27 actor USD or 3 billion YEN

bitFlyer, who is based in Nagata-cho, Japan, is an exchange where users can buy and advertise bitcoin application the bounded Yen currency. Users can drop funds to bitFlyer application a Japanese coffer account.

The new advance capital will go against analysis and development of blockchain technology. Shares were issued Monday via third-party allocation to investors including funds run by Tokyo-based Venture Labo Advance and SBI Investment. BitFlyer’s basic now totals about $35 actor USD ($3.9 billion yen), according to nikkei.com.

Additionally, the barter has served added than 150,000 users in April, 10 times the year-earlier level. Japan proposed legislation in March acclimation basic currencies, ambience rules to assure calm users. BitFlyer affairs to accessible an e-commerce account accepting bitcoin in ablaze of its growing user base.

Japanese bitcoin aggregate has been aerial recently, with Japanese platform Zaif announcement record trading levels on their barter beforehand this month.