Tech giant Yahoo is set to invest in cryptocurrency this year with plans to develop its own cryptocurrency exchange in a year’s time. Yahoo Japan has applied to purchase a 40% stake in BitARG, a cryptocurrency exchange that is registered in Japan under the Financial Services Agency (FSA). Market realignment Yahoo’s acquisition will lead to a major realignment in the crypto exchange industry in Japan. The acquisition will be made through YJFX, a wholly-owned subsidiary of Yahoo Japan headquartered in Tokyo that operates foreign exchange transaction services. The acquisition will cost YJFX $19 million (2 billion yen) and will bePowered by WPeMatico
