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parent_permlink | currency |
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author | brow10 |
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permlink | the-launch-of-the-first-investment-fund-in-japan-to-invest-in-bitcoin-and-other-digital-currencies |
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title | "The Launch Of The First Investment Fund In Japan To Invest In Bitcoin And Other Digital Currencies" |
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body | "<html>
<p> will be provider of financial information " <a href="http://www.fisco.co.jp/en/"><strong>Fisco</strong></a> " Japan 's launch of an investment fund for digital currencies worth more than <strong>300</strong> million yen <strong>(2.66</strong> million dollars) to invest in bitcoin and other digital currencies this month. Tokyo- based <strong>Fisco,</strong> which specializes in research and information covering stocks, foreign exchanges, bonds and commodities in Japan and abroad, is set to launch a digital operations fund. According to the <a href="https://asia.nikkei.com/Markets/Capital-Markets/Fisco-launching-Japan-s-first-cryptocurrency-fund"><strong>Nikkei</strong> </a>report , the information provider will invest its own funds from raising capital from two unnamed financial technology companies to launch more than<strong>300</strong> million yen (about $ <strong>2.66</strong> million).The first fund of its kind in Japan will focus on investments in Bitcoin and other digital currencies, due to be launched before the end of January. In order to achieve the objective of collecting <strong>20%</strong> of the Fund's investment returns each year. In addition, the Fund will seek to achieve profits through arbitrage opportunities resulting from price differentials in digital currencies between domestic and foreign exchanges.<br>
<img src="https://i1.wp.com/arabbit.net/wp-content/uploads/2018/01/Capture-10.png?w=846&ssl=1" width="846" height="471"/></p>
<p><br></p>
<p> <br>
As was the <strong>Fisco</strong> main engine in the early search and adoption of digital currencies, in earlier August<strong>2017</strong> unit information provider of digital currency quoted debt in three years, worth <strong>200</strong> Bitcoin (about<strong>800,000</strong> dollars at the time), to another company belonging to the Group <strong>Fisco.</strong> It also revealed<a href="https://arabbit.net/microsoft-%d9%84%d9%85-%d8%aa%d8%b9%d9%8f%d8%af-%d8%aa%d9%82%d8%a8%d9%84-%d8%a7%d9%84%d8%af%d9%81%d8%b9-%d8%a8%d8%a7%d9%84%d8%a8%d9%8a%d8%aa%d9%83%d9%88%d9%8a%d9%86/https://www.facebook.com/search/top/?q=Masayuki+Tashiro&init=public"><strong>Masayuki Tashiro</strong></a> chief executive of <strong>Fisco</strong> that was intended to sell digital currency debt is to explore thepotential of Alpetkoan bonds as a tool for fundraising. The deal, believed to be the first of its kind in the country, followed legislation in April that effectively recognized bitcoin as a legal means of payment in the country. <strong>Tashiro</strong> said at the time: </p>
<p> </p>
<blockquote>"We expect that the currency of the Bitcoin will eventually be recognized as a financial product"</blockquote>
<p> If Bitcoin is listed as a financial instrument under local laws, this will enhance <strong>Fisco's</strong> business with new financial offerings. <strong>Tashiro</strong> also added :</p>
<p> </p>
<blockquote>"If we play a role in the organization, we will be able to raise money through fees imposed"</blockquote>
<p> On the other hand, <strong>Fisco</strong> is not alone , which has forecast upward for Bitcoin as a financial tool in Japan.Where <a href="http://www.mufg.jp/english/"><strong>MUFG, the</strong></a> largest financial institution in Japan, is poised to launch a service to secure Bitcoin receivables against losses suffered by digital currency platforms. <a href="http://www.tr.mufg.jp/english/"><strong>Mitsubishi UFJ Trust</strong></a> offers the group's trust fund a patent application that is initially targeted in April <strong>2018.</strong> The Japanese financial regulator recognizes the currency of the Bitcoin and other digital currencies as similar financial assets for securities and real estate that can be placed and secured.<br>
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