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Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week

May 27, 2019😶Neutral

A new crypto exchange platform in which Yahoo Japan owns a major stake is about to launch after over a year in development.

Taotao is regulated as a virtual currency exchange business under Financial Services Agency, with its website proudly displaying the registration number 00001.

That early registration comes via the exchange's previous FSA-licensed iteration, the BitARG exchange, in which Yahoo Japan bought a 40-percent stake last March.

According to the Taotao website, the exchange will be offering a mobile app alongside its online platform, and will offer trading in bitcoin (BTC) and ether (ETH) at launch.

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