The administrative sanctions were imposed following on an on-site inspection conducted by the Japanese Financial Services Agency (FSA). The check concerned the risk management system of the company. The inspection had detected a series of non-compliance issues, including problems with keeping statutory books, insufficient provision of information to clients, AML issues, lack of control over system risks, as well as problems with internal audits. As per the business improvement order, the company had to ensure appropriate and reliable business operations via: Rakuten Group says it has decided to acquire Everybody's Bitcoin shares so that it can realize the early registration as a cryptocurrency exchange and develop cryptocurrency services to customers by combining the know-how of everybody's bitcoin as a cryptocurrency exchange, and the know-how of Rakuten Group as a provider of various financial services.