FINTECH Japanese company SBI Holdings announced plans for a joint partner of the Ripple increasing investment in Bitcoin Cash (BCH). The partners plan to increase production capacity in a network of cryptocurrency.
As pointed out by a Japanese company, the reason was the intention of further strengthening the positions of the SBI Group in the ecosystem of cryptocurrencies. Ensuring greater liquidity for the purpose of cleaning will promote the formation of the company as an active miner (transaction authorizer) in the network BCH, believe in SBI.
Production business BCH company beginning in January 2018, and its share in hazrate network for April was 5.6%. The holding plans to expand it to 30%.
Meanwhile, Japanese Internet giant recently launched a cryptocurrency exchange VCTRADE, which operator has become a subsidiary of SBI Holdings, SBI Holdings of Virtual Currencies. She is among 16 crypotologic companies licensed by the Japanese market regulator — Agency for financial services authority (FSA) of Japan. At the end of last month VCTRADE added support for Bitcoin Cash.
We will remind that earlier 16 licensed cryptocurrency exchanges of Japan have formed a new self-regulatory body — Japanese Cryptocurrency Exchange Association (JCEA). One of its main objectives was the return of confidence in the industry, a significant blow which has become a large-scale hacking of the exchange Coincheck at the beginning of this year.