Restrain the Kraken! Crypto Exchange ‘Kraken’ Pulls Services from Japan

[kreslik.news]

Popular cryptocurrency exchange Krakenhas made the decision to halt its business in Japan, according to a Bloomberg report. The rising costs associated with operating as a crypto firm in Japan were given as the reason to exit the country, although Kraken did say that it may return to the country in the future.

In a statement, Kraken explained that “suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas.” The statement continued to say that Japanese citizens based outside of the country will not be affected by the ... (read more)