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First Japanese company reveals bid to join Facebook's Libra

Online broker Monex sees 'huge possibilities' for the cryptocurrency

Facebook looks to launch the Libra digital currency next year.   © Reuters

TOKYO -- Monex Group, one of Japan's leading online brokerages, said Friday it has applied to join the Libra Association, Facebook's high-profile cryptocurrency project, becoming the first company from that country to announce such interest.

Financial regulators worldwide have expressed grave concerns over the digital currency, putting into question whether the project will get off the ground. But Monex President Oki Matsumoto touted the opportunities offered by Libra, citing "considerably huge possibilities."

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