Japanese Crypto Exchange BitFlyer Reports $6.9M Loss in 2019

bitFlyer, a Tokyo-based crypto exchange, reported a 750 million yen loss for the financial year 2019. The deficit surfaced due to weaker-than-expected sales and return-on-investment, according to the firm’s business report. Bitcoin’s massive drop in the second half of 2019, as well as strict local regulations, further maximized bitFlyer’s losses. Japanese crypto exchange bitFlyer lost…

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