According to a Japanese media, SAMURAI ASSET FINANCE, a subsidiary of listed Japanese company Samurai＆J Partners, introduced a loan service: Samurai Crypto Loan.
Users can mortgage their BTCs, BCHs and ETHs to obtain JPY, and during this process, no clearance is needed. According to the report, digital currency clearance in Japan may generate tax revenues.
SAMURAI ASSET FINANCE was founded in November, 2017. Its financial statement released last month indicates that this company registered a profit of JPY 210,300 (about RMB 128300) in Q12018.
The new loan scheme allows customers to borrow JPY 20 million (about USD 179,000) within one year and apply for deferred payment. The annual loan rate ranges from 7% to 15% (including commissions and deferred charges), and the annual default rate is 20%.