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Deep Tide TechFlow News, June 24 — According to Nikkei News, Japanese cryptocurrency asset automatic profit and loss calculation service provider pafin will acquire industry stalwart Gtax and plans to complete service brand integration by October.
The report pointed out that this move is related to Japan's revision of the Financial Instruments and Exchange Act, which first included cryptocurrency assets into the financial product regulatory framework, and the industry’s consolidation trend around scale expansion is heating up. Pafin’s “Cryptact” mainly provides automatic calculation services for cryptocurrency trading profits and losses.