Kraken Exchange Will Leave Japan For The Second Time At The End Of Jan 2023
On December 28, Kraken exchange will leave Japan at the end of January 2023. Payward Asia, which operates in Japan, announced today that it would “stop the crypto exchange business”.Kraken said it would reduce its workforce by 30%, or about 1,100 employees. The crypto exchange’s departure from the Japanese market is due to the country’s current market conditions and the weak global crypto market. Kraken will deregister from the Financial Services Authority (JFSA) as of January 31, when customers will have to withdraw their fiat and crypto holdings, Kraken said in a statement.Kraken said it is fully funded to ensure that all affected customers can promptly withdraw their assets.
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