Yahoo Japan to Launch Crypto Exchange

[idex100]

The Financial Service Agency FSA (the top financial regulatory agency) in Japn has revealed plans by Yahoo Japan to launch a crypto-currency exchange platform within Japan and extended to other parts of the world. Currently, FSA has received at least 160 applications from different companies to launch their own exchange. It will be noted that Bitbox, (launched by Line Corp) had its license approved by FSA and they are currently operational overseas.
 Yahoo, unlike facebook and Gmail seem to be less critical about crypto-currency, Yahoo Finance is already reporting several crypto projects in development, their interest in launching a crypto exchange will certainly be a welcome development and could drive crypto adoption as it shows cryptos in a better light.
What is your opinion on this? I would love to hear your thoughts.

Credit :
https://news.bitcoin.com/japanese-regulator-crypto-regulations/
https://news.bitcoin.com/yahoo-japan-confirms-entrance-into-crypto-space/

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[hubballi]

I dont think that this news will affect any good for the market as today market is down more then 3 to 5% and what is the reason dont know but normal is that short term traders have booked profit.

This news will only be good when they get approval and yahoo Japan comes open with ICO for their exchange.

[vit05]

Yahoo Japan is a very different company from Yahoo Global. In both administrative and corporate matters. That was clear when Yahoo was sold. And the main thing is that Yahoo Japan belongs to SoftBank and Altaba.

SoftBank is a giant on the internet. It has participation in a hundred companies including Uber, Cruiser and several internet sales companies. Altaba has a very large slice in Alibaba. One of the largest commerce sites in the world.

This for me is much more than a move from an internet portal. It is a movement of large conglomerates filling a potential in cryptocurrencies as a means of payment. And opening the possibility of its adoption by several companies.

SoftBank
Altaba

[abojamal]

I dont think that this news will affect any good for the market as today market is down more then 3 to 5% and what is the reason dont know but normal is that short term traders have booked profit.

This news will only be good when they get approval and yahoo Japan comes open with ICO for their exchange.

True words
There has to be something practical that drives the market
Just a news of something not yet done!
This does not benefit the market anyway.

[NeuroticFish]

Yahoo Japan is a very different company from Yahoo Global. In both administrative and corporate matters. That was clear when Yahoo was sold. And the main thing is that Yahoo Japan belongs to SoftBank and Altaba.

OK, but the fact remains: it's a big name and if it'll launch indeed a crypto exchange, it will give even more legitimacy to Bitcoin and help even more with the awareness and trust.
I think that's a very good news.

[koincik]

The big players of the internet world slowly began to be interested in crypto coins. We hope more will come.

[Pamadar]

The big players of the internet world slowly began to be interested in crypto coins. We hope more will come.

They seen big potentials out from crypto industry, this kind of news will definitely affects investors next movement, it will reflect and make influence for people who understand and knows how big players works in terms of financial aspects, better to keep an eye it can possibly be the turning point between the bear and the bull trend inside the market, thanks for sharing OP.

[BlockchainGod]

That's great news! Now we will have a legal exchange made by a reputable Yahoo company.

[Shreek]

now the crypto exchange business is popular
anyone who holds an ICO surely they need their coins to be exchanged with BTC or ETH, then in each listing process, they must pay the relevant exchanger
so far the competition for ICO has been very tight
while competition as an exchanger, is still wide open and very profitable

[snipie]

Yahoo Japan is a very different company from Yahoo Global. In both administrative and corporate matters. That was clear when Yahoo was sold. And the main thing is that Yahoo Japan belongs to SoftBank and Altaba.

SoftBank is a giant on the internet. It has participation in a hundred companies including Uber, Cruiser and several internet sales companies. Altaba has a very large slice in Alibaba. One of the largest commerce sites in the world.

This for me is much more than a move from an internet portal. It is a movement of large conglomerates filling a potential in cryptocurrencies as a means of payment. And opening the possibility of its adoption by several companies.

SoftBank
Altaba

Nice analysis but even if Yahoo Japan is a different company, it stills has the name of Yahoo which is a big company and a trusted enough one.
In addition, this will make other big companies get more interested in cryptocurrencies 

[azalea69]

I do not doubt the development of Japan with all its technology, surely many large companies use crypto in transactions.
The policy of Yahoo really deserves to be appreciated, with this step there will certainly be a lot of support and eventually more and more communities.

[bhadz]

I dont think that this news will affect any good for the market as today market is down more then 3 to 5% and what is the reason dont know but normal is that short term traders have booked profit.

This news will only be good when they get approval and yahoo Japan comes open with ICO for their exchange.

Effect won't take place immediately. This news is for long term and we know on how Japan is one of the most crypto friendly countries in the world. Rating this as a whole, its a good news when there are names like these when they are adopting bitcoin. Don't look at the point for quick profits because you're going to be the same with those folks who are looking to crypto as a rich scheme market and expects rapid effect if there are important news like this.

[jseverson]

Yahoo Japan is a very different company from Yahoo Global. In both administrative and corporate matters. That was clear when Yahoo was sold. And the main thing is that Yahoo Japan belongs to SoftBank and Altaba.

SoftBank is a giant on the internet. It has participation in a hundred companies including Uber, Cruiser and several internet sales companies. Altaba has a very large slice in Alibaba. One of the largest commerce sites in the world.

This for me is much more than a move from an internet portal. It is a movement of large conglomerates filling a potential in cryptocurrencies as a means of payment. And opening the possibility of its adoption by several companies.

SoftBank
Altaba

Woah, very informative. Thank you for clarifying that. I'm guessing this move is different from Yahoo global's plans to sell crypto through its app?

But yeah, either way, I don't think it's as big as large conglomerates lining up to support crypto as a means of payment. It's Japan, where crypto regulations are basically as clear-cut as they can be for the first time ever. Companies know that there's a lot of money to be made off this fresh market, so I'd say this is just another money-making business move, not an idealistic one. It's good for crypto regardless.

[cizatext]

Following happening from the past I have noticed that yahoo have been cryptocurrency friendly, and launching their own exchange will be a big development and will further strengthen the adoption of cryptocurrency by many potential users. This is one great news yahoo unlike others e.g Facebook welcome and promote cryptocurrency ads on the site.

[RockerNun]

I do not think this news will affect the market as the market is now down more then 3-5% and the reason is nothing but ordinary traders are short-term has set a profit. Yahoo Japan is a very different company from Yahoo Global. And the main thing is Yahoo Japan belongs to SoftBank and Altaba. It has involved hundreds of companies including Uber, Cruiser and some of the internet sales companies and the largest commercial websites in the world. It is a movement of large corporations that is filling potential in electronic money as a means of payment. The big players in the internet world slowly started paying attention to crypto money. Good news! now enterprise cryptographic exchange is common

[peter0425]

I do not think this news will affect the market as the market is now down more then 3-5% and the reason is nothing but ordinary traders are short-term has set a profit.

Well its pretty obvious by now that this news didn't put a significant dent on the market because its like this news was 3 weeks ago but the market didn't move a bit. However, this is what we all love about Japan though, they are really setting the bar high and carrying the torch for crypto/blockchain to move forward. Japan’s Prime Minister Appoints Pro-Blockchain Figure as Minister of Science, Tech, IT, so its going to be very interesting as all eyes are set on Japan as the leader of this new revolution.

[enhu]

This could be a turning point for yahoo. They have been an underdog for quite awhile after being beaten but the development of google and facebook. IF they end up connected to crypto which is the future of finance, they could really be earning some users to them again. Security is one of the best that they should offer to gain trust from us.

[pakhitheboss]

Yahoo Global is still a big name in the Internet Industry. Yes, this will not affect the market, but this might start a new era of legalization of Cryptos and making it more appealing to the masses.

Surely, many people will be interested in entering Cryptos if they here names of Big Internet Companies like Yahoo.

Untill they have a working exchange. Lets wait and watch.

[HabBear]

This is the most technology forward thing coming out of Yahoo since they launched Yahoo Screen a few years back. Screen ended up failing because it could generate enough content or users. Cryptocurrency has similar challenges but the cult-like following of crypto ensures a greater opportunity for success if they can get the technology and distribution right.

Launching in Asia makes sense, but to be clear they're buying a 40% stake in an existing exchange...not launching brand new.

[Kakmakr]

I hope this has the opposite affect as the "banning of Crypto Ads" by big conglomerates, where one starts a specific action and then the
competition does not want to lag behind, so a chain reaction of similar actions follows. Most of these big conglomerates look at the moves made by other companies and then they do the same. 

We just need one spark to start the wild fire.