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Cryptocurrencies

Asia cryptocurrency race heats up as Japan's SBI buys UK trader

B2C2 purchase intended to push digital currencies into investment mainstream

The price of bitcoin rose to an all time high of $24,000 in the early hours of Sunday.   © Reuters

TOKYO -- Japan has joined the drive in Asia to broaden investor access to cryptocurrencies after SBI Group bought a UK-based dealer in the burgeoning asset class.

By acquiring London-headquartered B2C2, financial services provider SBI aims to be the entry point as Asian and global financial institutions begin taking cryptocurrencies seriously as an investment.

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