Money Forward, the operator of one of Japan's most popular personal budget applications, announced plans to deploy a pre-codec trading platform this year.The operator of one of Japan's most popular personal budget applications has announced plans to launch a pre-codec trading platform this year.
The project will be run by MF Financial, a subsidiary of Money Forward, and Money Forward will also send a blockchain expert to oversee the project.
According to MF Financial's plan, the company will be launching its official website this summer, followed by a pre-coded trading platform and a pay-as-you-go system. MF Financial has been researching this project since December 2017.
By the end of 2017, Money Forward headquartered in Tokyo said it had 5.5 million users, with more than 500,000 Japanese businesses and 2,400 accounting firms using cloud-based software to calculate taxes. and invoicing.
More and more "big guys" jump into the pre-coding market.
As reported by Blogtienao, Mitsubishi UFJ Financial Group (MUFG) , one of the largest financial groups in Japan, plans to launch Bitcoin and digital currency for small institutional investors. MUFG plans to find the resources and human resources needed to open a new pre-codec trading platform and apply for registration to the Japan Financial Services Authority (FSA). However, MUFG said that applying for a license is currently very difficult in Japan.
In Japan, anyone who wants to open a pre-coded trading platform will have to undergo some very rigorous procedures before receiving permission from the regulators.
