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The encryption market maker B2C2 is seeking to raise up to $200 million, part of which will be used to allow its major shareholder SBI Holdings to reduce its stake. SBI Holdings acquired 90% of B2C2 in December 2020, having made an initial investment of $30 million in July of the same year. B2C2 is an encryption market maker regulated by the UK's Financial Conduct Authority (FCA), with offices in London, the US, and Japan. Although SBI Holdings had previously denied reports of considering selling its B2C2 shares, the latest news suggests that its position may have changed. (CoinDesk)

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