Japan: E-Commerce Giant Rakuten to Move Crypto Exchange to New Payments Subsidiary

Japanese e-commerce firm Rakuten has announced a revision to its corporate restructure, setting up a new payments subsidiary that includes its cryptocurrency business, Cointelegraph Japan reported Jan. 21.

Rakuten, known informally as ‘Japan’s Amazon (NASDAQ:AMZN),’ originally revealed in August last year it would seek to reorganize its various offshoots in order to improve accountability and decision-making processes.

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