Aiming for the sound spread of STO to establish a new group of cryptocurrency in Japan

The president of SBI Holding has established a new cryptocurrency group, in an effort to promote STO cryptocurrency soundly.

What is the STO of that cryptocurrency, which purposefully creates new groups to promote soundness?

Yoshitaka Kitao, president of SBI Holding, responded to an interview with Jiji on July 2, 2019 and revealed that he is preparing to establish a new group of cryptographic assets.

The new organization is aiming for the sound expansion of STO, where companies use virtual currency to raise funds.

Security token offerings (STOs) are gaining attention as a new, reliable source of funding based on laws and regulations.

In the past, ICO was common, but anyone could join it casually, but increasing fraud was a major issue.

The new organization, which is launching a new organization, aims to promote STO soundly, and it is reported that it plans to make industry rules together with major Internet securities companies.

President Kitao has stated that it is necessary to establish an industry group in order to establish STO in Japan for group establishment.

He has announced that he resigned as a director of Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory organization in which Cryptographic Currency Exchange Corporation participates, on June 26, 2019. It is reported that it has nothing to do with establishing a group.

President Kitao has recently been appointed not only as a director of Ripple, but also as a strategic investment senior adviser for the China Investment Association, Blockchain and Big Data Industry Investment Committee.

In addition, “SBI Virtual Currency”, which operated the cryptocurrency exchange, announced that its name has been changed to “SBIVC Trade Co., Ltd.” from this month.

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Traders who made last year’s plunging forecast correct

Veteran trader Peter Brunt predicted that if the current phase is broken Bitcoin could fall by 80%!

With 45 years of trading experience, Brandt is poised to expect Bitcoin to fall by more than 80% in 2018.

It seems good to think that Bitcoin is now on the split of the price.

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