Kraken, one of the largest existing cryptocurrency exchanges, has just announced that it will cease operations in Japan by the end of June but it may come back in the future.
This announcement has been due to higher operating costs, and Japan’s growing regulation of the cryptocurrency market may also have been a factor. Although the exchange said they could re-enter the country in the future.
In a report by Bloomberg, Kraken said:
SUSPENDING SERVICES FOR JAPAN RESIDENTS WILL ALLOW US TO BETTER FOCUS ON OUR RESOURCES TO IMPROVE IN OTHER GEOGRAPHICAL AREAS. THIS IS A LOCALIZED SUSPENSION OF SERVICE THAT ONLY AFFECTS RESIDENTS OF JAPAN AND DOES NOT IMPACT
Read More: https://bitzamp.com/crypto-exchange-kraken-plans-to-cease-operations-in-japan/
Topic: [17-04-2018] Crypto Exchange Kraken Plans To Cease Operations In Japan (Read 93 times)
April 17, 2018, 05:16:58 AM
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