• JIJI, Kyodo

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Major Japanese online brokerage Monex Group Inc. is working to buy Tokyo-based cryptocurrency exchange operator Coincheck Inc. for several billion yen, sources said Tuesday.

Monex aims to enter the virtual currency business by acquiring Coincheck, which was hit by a massive hack in January that stole cryptocurrency NEM worth ¥58 billion at the time. Coincheck still holds a customer base that is one of the largest among cryptocurrency exchanges in Japan.

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