FX Branch of Japanese Giant SBI Planning Crypto Move – Report

Another subsidiary of the Japanese financial giant the SBI Group, FX Clearing Trust, is reportedly targetting crypto-related business expansion.

Per an official release, the firm has now acquired a license for investment trust-related business operations and will rename itself the SBI Clearing Trust.

The firm was set up in 2014 and has capital reserves of over USD 1.8m.

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