Exchange Kraken will stop working in Japan

Due to the increase in the cost of doing business in Japan one of the leading cryptocurrency exchanges Kraken will cease to provide services to the people of this country until the end of June. However, if the situation changes, it may be returning to the Japanese market.

«The shutdown in Japan will allow us to focus on our resources to improve in other geographic areas, – said in a statement. – Withdrawal from the Japanese market does not apply to services for Japanese nationals or businesses outside Japan».

According Coinmarketcap.com, Kraken now occupies 10-e a place on volume of trading – $ 190 million. The work of Kraken in Japan beginning in October 2014. Until now, the company operates in the country without a license. Now the financial services Agency of Japan conducts audits cryptocurrency companies in the framework of the joint initiative on strengthening security.

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