KRAKEN CRYPTO EXCHANGE LEAVES JAPAN MARKET

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The crypto-exchange of Kraken will stop its work in Japan in June this year. The reason for stopping the provision of services to Japanese citizens was the increase in the cost of doing business in the country. However, the company plans to return to the Japanese market where it operated from October 2014 without a license. At the moment, the Financial Services Agency of Japan conducts inspections of cryptocurrency companies with a view to strengthening security. In general, at the state level, it is stated that cryptocurrencies and exchanges will be regulated, not banned. And in early April, the first steps were taken for the ICO legalization. Recall that the crypto-exchange Kraken is among the top 20 in terms of trading volume ─ about $190 million per day.

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