Japan’s Monex Group to Pay Dividends in Bitcoin

Asia Blockchain Review
October 5, 2019
Japan’s Monex Group to Pay Dividends in Bitcoin

Monex Group, a financial services company based in Japan and owner of the Coincheck crypto exchange, has announced that it will be paying its mid-term shareholder dividends in Bitcoin (BTC).

Announcing Crypto Dividend Payment

According to a report by Cointelegraph, Monex Group revealed in a press release on September 24th, 2019, that shareholders of the company will receive dividends in Bitcoin as a mid-term shareholder benefit for fiscal year 2019. A sum of 0.00055 BTC, or 500 Japanese yen, will be paid out as part of the scheme.

“Shareholders are required to open accounts in Coincheck and complete the application in the ‘Shareholder Benefit Application Site’ by 11:59 p.m. on March 31, 2020 in order to receive 500-yen equivalent cryptocurrency BTC in early April 2020,” the press release stated.

However, Monex Group has yet to confirm if it will also pay its shareholders in crypto after March 31st, 2020.

Introducing ‘Monex Points’

The firm added that it is launching “Monex Points” each worth one yen — that will be granted to shareholders according to the number of shares held.

Apart from announcements regarding dividends and shareholder benefits, the company revealed that it has promoted General Manager of Strategic Planning Yuya Asamura as Executive Director effective October 1st, 2019. 

Naoyuki Kainuma has also been appointed as Executive Director and General Manager of the CEO office at Monex Group.

Monex Group had acquired Coincheck for US$33.5 million in April 2018, only a few months after its hack in January led to US$534 million in damages.

Source: https://cointelegraph.com


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