It looks like Japanese internet and technology giant Rakuten is all set for the launch of its cryptocurrency exchange.
The company has completed the registration of its upcoming exchange after renaming it from Everybody’s Bitcoin to Rakuten Wallet, which is a much better name, isn’t it?Everybody’s Bitcoin was acquired by the company back in August 2018 for 265 million yen (around $2.4 million, which amounts to 17 crore 20 lakh rupees).
What followed the acquisition was a consolidation period in which company’s operations were merged with the operations of Rakuten Corp, and now finally a company employee has confirmed that Everybody’s Bitcoin will cease operations by the end of March to enter a new phase of its journey.
A press release was also issued by the company in this regard, which said:“Rakuten Wallet will contribute to the sound growth of the market as a virtual currency exchange company, and will further enhance security and provide enhanced services so that more customers can use it safely and with confidence.”Everybody’s Bitcoin had received a Business improvement order from Japanese FSA after the hack of Coincheck cryptocurrency exchange.
The FSA had launched an inquiry into operations of all Japanese crypto exchanges as a precautionary measure to prevent future Coincheck like incidents, and in those inquiries it found Everybody’s Bitcoin guilty of not following proper procedures to ensure the safety of users’ funds.
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Devisa - The end of last week, for example, Bank Indonesia recorded the position of foreign exchange reserves in Indonesia at the end of August 2019 to reach US$ 126,4 billion.
Executive director of Communication Department BI Onny Widjanarko stated this increase is mainly affected by foreign exchange receipts from the oil and gas sector (oil and gas) and the receipt of foreign exchange aka forex.
The tool exchange this can be in the form of foreign exchange which is recognized by all other countries in the world, for example the United States Dollar and the Japanese Yen.
The growth of large-size foreign exchange reserves into a signal for the global financial market about the credibility of monetary policy and the creditworthiness or the creditworthiness of a country.
The weighing must be used every needed, foreign exchange reserves usually in the form of wealth in the form of foreign currency that is easily traded, gold, and short-term bills that are illiquid.
The IMF gave the criteria of liquid when the asset can be liquidated before the period of a year.
With the upsurge of the Covid-19 pandemic in Cameroon, United Nations Children’s Fund (UNICEF) and the Japanese government have joined hands with other partners to intensify the fight against Covid-19 in the country.
UNICEF welcomes the latest contribution of over $2,300,000 from the Japanese government for the fight against the pandemic.Faced with the crisis, Japan believes that it is necessary to implement urgent measures that will protect life and minimise socio-economic impacts as well as strengthen health systems to fight against infectious diseases in the medium and long term.
