Japan seems to have Bitcoin fever these days. Trading volume is growing exponentially in the region and organizations across the region are investing in this new technology. Now the Japanese blockchain firm TechBureau, who maintains one of Japan’s largest Bitcoin exchanges, Zaif, has just raised ¥720m or $6.5 million USD. As well as this significant investment announcement in the Japanese blockchain industry there is active fintech news coming from the region nearly every day.
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“Not only are we seeing a massive growth of Bitcoin adoption and media coverage here but also Japan has turned into a very interesting place for Bitcoin 2.0 experiments and the token economy.” ~ Koji Higashi, Counterparty Foundation
TechBureau Receives $6.5 Million in a Series A Funding Round
In the latest announcement, TechBureau details the allottees include many of the Japanese fintech and venture capital firms in the region. The investors mentioned include the internet company and QA platform OKWave, Nippon Technology, Arara, Hiroshima Venture Capital; and FISCO. The funding round also attracted a prior investor, Money Partners Group that injected ¥49 million into the company.
TechBureau’s exchange Zaif has said it has