Crypto Exchange Kraken leaves Japan for second time, cites “poor crypto market”

According to the cryptocurrency exchange, it will cease to be an operator of a crypto asset exchange with the Financial Services Agency of Japan as of January 31.
According to the cryptocurrency exchange, it will cease to be an operator of a crypto asset exchange with the Financial Services Agency of Japan as of January 31.
Kraken is firing 1,100 employees, or about 30% of its workforce, in an effort to adjust to the current market fluctuation.
The US Treasury Department's Office of Foreign Assets Control has entered into an agreement with Kraken over having served Iranian customers despite U.S sanctions.
Kraken stated the accounts were frozen "to protect their creditors" while emphasizing that it "maintains full reserves."
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