“Crypto exchange Kraken to shutter its Japan operations after global layoffs”
December 28, 2022
“Digital currency exchange Kraken will close down its operations in Japan next month, in another sign of consolidation in the battered crypto industry.
In a blogpost on Wednesday, Kraken said it would cease crypto trading services through its Japanese subsidiary, Payward Asia, and deregister from Japan’s Financial Services Agency on Jan. 31, 2023.
It is the second time Kraken has left the Japanese market. The first was in 2018, when it closed four years after initially establishing operations in 2014. It relaunched in the country in 2020 after securing registration from the regulator…”