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Japanese bitcoin market eyes up Luxembourg
Economics

Japanese bitcoin market eyes up Luxembourg

18.07.2015 From our online archive
A Japanese bitcoin exchange could establish its European headquarters in Luxembourg, it emerged during an official Japan visit by Luxembourg's Prime Minister.

A Japanese bitcoin exchange could establish its European headquarters in Luxembourg, it emerged during an official Japan visit by Luxembourg's Prime Minister.

bitFlyer is a Tokyo-based exchange enabling anyone with a Japanese bank account to buy and sell virtual currency Bitcoins at transparent prices.

The news broke halfway through an official visit to Japan by Luxembourg's Prime Minister Xavier Bettel and Finance Minister Pierre Gramegan.

According to a press statement, Japanese entrepreneur Yuzo Kano was among a handful of business leaders who met with the ministers during their trip.

He reportedly expressed a willingness to install bitFlyer European headquarters in Luxembourg.

No further information was provided however, if he is true to word it would be a huge coup for Luxembourg whose ICT and digital finance sectors are a key priority for growth.

During the trip, Xavier Bettel was received with military honours at the official residence of the Japanese Prime Minister.

The pair discussed bilateral ties and relations between the EU and Japan as well as the priorities of the Luxembourg Presidency of the Council of the European Union.

He seemed positive that ground had been made and said: “This visit confirms the excellent relations between our two countries. Luxembourg is recognized as a reliable partner and a choice center for the establishment of Japanese companies to conquer the European market.” 

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