Japanese Crypto Exchange Acquired by International Investor for $50 Million

Japanese Crypto Exchange Acquired by International Investor for $50 Million

A government licensed cryptocurrency exchange platform in Japan has been acquired by a multi-millionaire from Singapore, Eric Cheng for $50 million. Cheng has become the first foreign investor to hold 100% stake in an FSA-licensed platform and commented, “With this Japanese FSA-licensed platform, I will work closely with the regulators to scale this platform globally.” 

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