SBI eyes Bitbank deal as Japan’s crypto exchange market consolidates
CoinTelegraph4h agoUpdated 3h ago
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SBI Holdings is acquiring cryptocurrency exchange Bitbank as a subsidiary, consolidating Japan's crypto market amid regulatory reforms. The deal follows SBI's April absorption of Bitpoint Japan. Japan's government approved amendments moving crypto assets under securities-style oversight, strengthening investor protection and market transparency. SBI aims for dominant domestic positioning as institutional crypto adoption grows and ETFs launch by 2028.
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