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Rakuten buys “everyone's Bitcoin” and aims to enter the cryptocurrency exchange industry

Rakuten buys "everyone's bit coin" and aims to enter the virtual currency exchange industry

Rakuten Co., Ltd. announced that it will acquire a total of 5100 shares ofeveryone’s Bitcoin ” which is a subsidiary of Traders Investment Co., Ltd. for 265 million yen this month.

This acquisition is said to be done through Rakuten Card Co., Ltd., a consolidated subsidiary of Rakuten Co., Ltd.

Rakuten buys "everyone's bit coin" and aims to enter the virtual currency exchange industry
Rakuten Co., Ltd. Press Release

Rakuten Group is a press release announcing that it is aiming to register as an immediate cryptocurrency exchange company in Japan by incorporating the know-how of the cryptocurrency exchange industry of everyone’s Bitcoin.

Rakuten Group is a company that has tried development of industries applying the same technology, including establishing a block chain research institution in the UK in 2016.

On the other hand, everyone’s Bitcoin was registered as a “deemed cryptocurrency exchange company” in 2017, but at the end of April this year, the FSA received a business improvement order from the Financial Services Agency.

Rakuten group cited as the reason for entry into the cryptocurrency exchange industry that it is necessary to provide the cryptocurrency exchange function in order to facilitate the means of settlement using the cryptocurrency .

The scheduled date of the official share transfer from Traders Investment Co., Ltd. to Rakuten Card Co., Ltd. is said to be October 1 this year.

Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/rakuten-minnna-no-bitcoin/

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