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Japan's SBI in talks to set up cryptocurrency joint venture with foreign financial firms
Japanese financial conglomerate SBI Holdings Inc is in talks with foreign financial firms to set up a cryptocurrency joint venture, its chief executive said, as the company aims to expand the business as a core pillar of profitability.The comments by Yoshitaka Kitao, who founded the company in 1999, comes as cryptocurrencies such as bitcoin and ethereum have emerged as alternative investment targets, and global investors have warmed to the rapidly expanding market.Speaking to Reuters on Friday, Kitao, 70, said that while investors once lived in the world where they invested in stocks or bonds, it's not an ... (full story)