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Author Topic: [2016-02-02] Kraken gets multi-million investment from Japan  (Read 270 times)
milaliss
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February 02, 2016, 07:22:47 AM
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Kraken gets multi-million investment from Japan
A venture capital firm SBI investment has agreed to lead the series B of funding for the bitcoin exchange Kraken. The exact terms were not disclosed.
http://www.coinfox.info/news/law-and-order/4675-kraken-gets-multi-million-investment-from-a-japanese-firm
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Lethn
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February 02, 2016, 10:20:10 AM
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Fantastic! This should mean if I get an income in Bitcoin in regular chunks I'll be able to convert it to yen easily if necessary Cheesy
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February 02, 2016, 10:48:36 AM
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Fantastic! This should mean if I get an income in Bitcoin in regular chunks I'll be able to convert it to yen easily if necessary Cheesy

Why do yo say so? The investment is from Japan, but it does not mean the customers will pour Japanese money into the exchange to buy bitcoin.
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February 02, 2016, 03:49:37 PM
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It would be weird if we wouldn't see some kind of influx from Japan over this, the thing is Kraken took over mt.gox so maybe they're looking to move into that market a bit.
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February 02, 2016, 03:53:45 PM
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They are developing their own crypto currency called "Mufg Coin" so they need a exchange that would be able to handle the load, if they go this route.

It will be interesting to see how they go about this... the idea behind that would be to make remittance easier... Kraken might just open a door for that

venture. Let's just wait and see what will happen.... this is my observation on this.  Roll Eyes

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