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

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).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter