Rakuten Wallet to relaunch as registered virtual currency exchange

E-commerce company Rakuten has finished the registration of its Rakuten Wallet cryptocurrency exchange, the company announced in a press release. The exchange, which was formerly called Everybody’s Bitcoin, changed its name to Rakuten Wallet this month. It will stop current service by the end of the month and relaunch services in April.

The exchange has completed the registration of the exchange with the Kanto Local Finance Bureaum and will operate as a virtual currency exchange service provider based on the Payment Services Act. In order to be recognized as an exchange, the company needed to undergo restructuring, prepare a business improvement plan as well as strengthen its business management and internal control systems.