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BitFlyer Bitcoin Exchange Gets $236,000 to Expand Overseas

BitFlyer Inc., a Japanese bitcoin exchange, raised 25 million yen ($236,000) from New York-based Bitcoin Opportunity Corp. to fund its overseas expansion.

The Tokyo-based exchange, which opened in April, plans to begin offerings abroad by the end of the year, according to its founder and chief executive officer Yuzo Kano. BitFlyer allows anyone with a Japanese bank account to buy and sell the coins, Japan’s first such service since Mt. Gox collapsed in February.