Kraken Prepares to Shut Down SWIFT Funding Accounts in Japan

[kreslik.news]

In a letter to Japanese clients, Kraken is communicating some bank account changes that the exchange is undertaking. Citing “a variety of circumstances”, the company is closing its SWIFT bank accounts in USD, EUR, and GBP. In addition, JPY funding accounts at Japanese bank Sumitomo Mitsui are to cease accepting funds.

The company insists that its SEPA Euro funding accounts and cryptocurrency deposits will not be affected. Changes to the existing accounts of the company will take place in the second half of March. The letter outlines that the SWIFT funding accounts will be closed on the 21st, next month.

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