Rakuten partners with compliance firm Ciphertrace to launch new crypto exchange

posted about 2 months ago
Japanese e-commerce giant Rakuten partnered with blockchain analytics firm CipherTrace to help ensure compliance for its soon-to-go-live cryptocurrency exchange. CipherTrace plans to help ensure regulatory compliance processes are in place for the firm’s Rakuten Wallet exchange platform, which is based in Tokyo.

The new exchange, Rakuten Wallet, received a license earlier this year from the Japanese Financial Service Agency. The exchange is therefore registered with the Financial Bureau as a virtual currency exchange service provider under the country’s Payment Service Act.
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