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/