Rakuten has changed the name of its cryptocurrency division "All Bitcoin Co., Ltd." to "Rakuten Wallet Co., Ltd." and said that it had registered with the Kanto Regional Financial Bureau as a digital currency exchange company.
The company believes that in order to provide high-quality crypto payment methods, it is necessary to ensure the proper exchange function and a number of clients, including foreign ones, and they wanted to provide such service already for a long time.
"We are pleased to announce that our registration in the Kanto Financial Bureau was completed as a company for the exchange of virtual currency in accordance with the law," – was published in statement on the company's website.
After the end of consolidation period, the management of Everybody Bitcoin confirmed that cryptoexchange in its current form will stop working at the end of March.
“Rakuten Wallet as a company that exchanges virtual currencies will contribute to steady growth of the market. [The Service] will strive to increase the reliability and quality of the services offered so that a greater number of customers can use Rakuten Wallet, being sure of its safety,” - the report says.
It also became known today about soon launch of the Taotao cryptoexchange, the shares of which are owned by the Japanese division of Yahoo. It is quite interesting that for entering cryptomarket, Yahoo! Japan have chosen the same method as Rakuten - instead of developing from scratch, the company acquired the finished product, which already has the necessary licenses from local regulators.
