Veteran Japanese VC Kazutaka Muraguchi says cryptocurrencies are the key to a “worldwide financial revolution”, following his firm’s ¥100m ($828,000) investment in Japan’s latest crypto exchange.
Speaking to CoinDesk, the Nippon Technology Venture Partners (NTVP) general partner said he jumped at the opportunity to invest in Osaka-based platform Zaif as he had been interested in currency innovation for 15 years.
The exchange, run by Tech Bureau, lets users trade in Japanese yen, bitcoin and monacoin, a cat-themed cryptocurrency. It could become the hub that “connects Japan to the global cryptocurrency market,” he said.
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