Japanese startups are leveraging Blockchain technology to increase their stock market value in a practice that has been previously coined as "chainwashing", reports suggest. Bloomberg noted on Tuesday that Blockchain voting platform Infoteria and financial data services provider Fisco saw rises of 58 percent and 26 percent over the past month respectively. Naoki Murakami, a major trader, told the publication:
“From about a month ago when all these virtual currencies started spiking like crazy, we began seeing the so-called “stocks of the virtual currency bubble. Not everyone is sure they can trust bitcoin exchanges. And some don’t have accounts there. That’s why they’re using the stock market to speculate.”