Altcoin News: Crypto Exchange Yahoo! Will Launch on May 30 in Japan

May 27, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to the tweet of Japanese cryptocurrency exchange, Taotao will begin to provide services for the maintenance of trading on May 30.

Taotao which is 40% owned by Yahoo! Japan will at the first stage offer the possibility of concluding transactions with Bitcoin and Ethereum, as well as the margin trading of Litecoin, XRP and Bitcoin Cash.

In April 2018, Yahoo! Japan bought out part of the BitARG exchange, later renamed it to Taotao, for an estimated amount of 2 billion yen ($19 million).

Initially, the launch of the exchange was scheduled for mid-May, but at the last moment, it was postponed without explanation. Taotao is licensed by the Financial Services Agency for the provision of cryptocurrency exchange services.

Last week, several Japanese crypto platforms announced a threefold increase in the number of new accounts against the background of the growth rate of Bitcoin. Local regulators, meanwhile, have thought about another tightening of rules in the context of anti-money laundering for representatives of the cryptocurrency industry.

Author: Marko Vidrih