Z Corporation, a renowned subsidiary of Yahoo Group plans to invest in Aerial Partners, a company that primarily deals with crypto taxes. Aerial Partners acquired 180 million yen (about $1.62 million) from several companies including Z Corporation and Jeneshia Ventures.
Aerial Partners aims to create a healthy virtual currency industry through collaborations with different group companies to enhance mass adoption. The company offers many services including ‘Guardian’ that supports tax administration. They also facilitate their clients with the expertise and tools for effective declaration and filing of tax returns for all the virtual currencies that they own.
Will Bolster Tax Administration of Cryptocurrencies
Although the crypto markets are facing a bearish trend spanning from 2018, developments and partnerships in this industry have not slowed down. The Z Corporation and Aerial Partners integration will enhance and support tax administration of virtual currencies. The investment was made public on February 14 with the crypto company set to increase its service delivery offering upgraded “Gtax” for profit/loss calculation software of virtual currency transaction.
Previous reports show that Aerial Partners solve all tax issues of the virtual currency markets and they have an ever-increasing list of satisfied customers to show for their expertise in this field. Through the agreement, the Z Corporation will offer safe virtual currency exchanges and blockchain information for the whole group company where it makes investments.
The Yahoo subsidiary company has been known to have a great interest in the cryptocurrency markets and blockchain technology. Currently, it is preparing a Web media and focuses on contributing to the sound development of the whole virtual currency industry through strategic business management of the whole group involved in the partnership.
The company has also announced capital and business alliance with the Former Bit of Argo Exchange Tokyo, TaoTao Corporation, a virtual currency business operator that is fully accredited by the Financial Services Agency. Yahoo Japan can be eager to set up its personal crypto trade, and the corporate has earlier stated that it could achieve this in the forthcoming months.
The spring of 2019 its tentative goal for any launch due to the trade requirement of attaining FSA approval. Subsidiary N. Avenue (NAVENUE) Ltd has announced that they will launch “Japanese CoinDesk Japan” in overseas major Web media platforms on Virtual Currency / Block Chain in March. Thus, Z Corporation settled on the Aerial Partners investment to remain competitive in the Japanese market.
In this deal, Mr. John Flynn (formerly Goldman Sachs), Mr. Toru Takada (Z Corporation), and Mr. Masao Fujimoto (Graduate representative) are scheduled for appointments to become the advisors.
— 【公式】Aerial Partners (@AerialPartners) February 14, 2019