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SBI Holdings Starts Talks to Buy bitbank and Make It a Subsidiary
SBI Holdings started negotiations for a capital business alliance with bitbank operator bitbank Inc. to make the exchange a consolidated subsidiary. The acquisition ratio and timeline were not disclosed and will be determined after due diligence. SBI Holdings said that, if the deal is completed, SBI Group would combine SBI VC Trade, BITPoint Japan, and bitbank into the largest cryptocurrency platform group in Japan.