Crypto exchange Kraken to stop operations in Japan
US-based听肠谤测辫迟辞听别虫肠丑补苍驳别听碍谤补办别苍听said on Wednesday it would cease its听辞辫别谤补迟颈辞苍蝉听in听闯补辫补苍听next month, citing the current market conditions in the country and a weak听肠谤测辫迟辞听market globally.
碍谤补办别苍听will deregister from the Financial Services Agency (JFSA) as of Jan. 31, by which time clients would have to withdraw their fiat and听肠谤测辫迟辞听holdings, it said in a statement.
碍谤补办别苍听said it is fully funded to ensure that all affected clients could withdraw their assets in a timely manner.
Last month,聽碍谤补办别苍听聽it would reduce its workforce by 30%, or about 1,100 employees, as tough market conditions had crippled demand for digital assets.
Bitcoin, the pre-eminent听肠谤测辫迟辞currency, has lost 60% of its value this year, while the wider听肠谤测辫迟辞听market has shrunk by $1.4 trillion, squashed by the collapse of Sam Bankman-Fried’s FTX empire, Celsius and supposed ‘stablecoins’ terraUSD and Luna. – Reuters
