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Japan’s largest Bitcoin exchange, bitFlyer Inc., is considering acquiring a small domestic or foreign rival to scale up its business, according to co-founder Yuzo Kano.

"We are thinking of acquiring a small exchange because we are not super big,” the 45-year-old executive said in an interview on the sidelines of the Bloomberg New Economy Forum in Singapore on Thursday, declining to name any potential targets. "It could be in Japan or in a different country.”

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