# Rakuten to launch cryptocurrency exchange in April
By Shampa Mani
Canonical URL: https://www.tokenpost.com/news/business/1531
Published: 2019-03-26T10:00:11.000Z
Updated: 2019-03-26T10:00:11.000Z
Section: Business
> Japanese e-commerce giant Rakuten has announced that its cryptocurrency exchange Rakuten Wallet has completed its registration and will launch in April.
Japanese e-commerce giant [Rakuten]() has announced that its cryptocurrency exchange Rakuten Wallet has completed its registration and will launch in April.
In a [press release]() dated March 26, Rakuten said that Rakuten Wallet’s registration with the Kanto Local Finance Bureau has been completed as a "virtual currency exchange service provider" based on the Payment Services Act.
Previously known as “Everybody’s Bitcoin,” the cryptocurrency exchange was renamed as “Rakuten Wallet” earlier this month. Rakuten [acquired]() Everybody’s Bitcoin in August 2018 for 265 million yen.
Rakuten Wallet received a business improvement order from the Kanto Local Finance Bureau on April 25, 2018. Since then, it said, it officially restructured its management system, including formulating a business improvement plan and strengthening its business management and internal control systems, and could register as a “virtual currency exchange services provider”.
“As a virtual currency exchange service provider, Rakuten Wallet will support sound development of the industry, and provide a safe and trustworthy user experience by further strengthening its security and service offerings,” it said.
In addition to Rakuten Wallet, TaaTao, a crypto exchange which is 40 percent owned by a local subsidiary of Yahoo! Japan, is expected to begin its operations in May, CoinTelegraph reported.
## Links in this article
- [Rakuten](https://www.rakuten.com/)
- [press release](https://global.rakuten.com/corp/news/press/2019/0326_01.html?year=2019&month=3&category=corp%20ir%20fintech)
- [acquired](https://global.rakuten.com/corp/news/press/2018/0831_02.html)