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CryptoWorld News reports that SBI Holdings is in negotiations with Bitbank, planning to acquire it as a subsidiary to further advance its integration of cryptocurrency exchanges in Japan. SBI said the acquisition will help it establish a stronger position in Japan’s cryptocurrency trading market, especially as Japanese policymakers prepare to include crypto assets in the Financial Instruments and Exchange Act. The transaction is still subject to due diligence, negotiations, and internal approval. SBI also said that the potential deal will help it establish an “overwhelming dominance” in the domestic crypto industry.