Rakuten to Launch Own Crypto Exchange in April

As reported, Rakuten Wallet exchange registration with the Kanto Local Finance Bureau has been completed as a “virtual currency exchange service provider”
26 March 2019   278

Japan's largest e-commerce company Rakuten intends to open a digital asset exchange after it has registered it with local financial control authorities. According to a press release, the launch of Rakuten Wallet will take place next month.

Rakuten Wallet…which operates a virtual currency exchange service, announced that registration with the Kanto Local Finance Bureau has been completed as a “virtual currency exchange service provider” based on the Payment Services Act.
 

Rakuten Team Announcement

In August last year, the company announced the acquisition of Everyday’s Bitcoin for 265 million yen (about $ 2.4 million). This year, Rakuten has made several structural changes to her business model, including with the aim of closer integration of cryptocurrencies.

Rakuten Wallet will contribute to the sound growth of the market as a virtual currency exchange company, and will further enhance security and provide enhanced services so that more customers can use it safely and with confidence.
 

Rakuten Team Announcement

On Monday, it became known that the sponsored Yahoo! Japan Crypto Exchange Taotao is preparing to start in May.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   88

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.