Singapore entrepreneur Eric Cheng buys Japan’s FX, crypto currency exchange for $50m

Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier

Singapore-based real estate entrepreneur Eric Cheng has acquired 100 per cent stake in two Japanese licensed companies that operate foreign exchange and crypto currency trading for $50 million (S$67 million).

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