Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed...
Tag: Japan
Prolonged Crypto Winter Pushes Kraken Exchange Out Of Japan
The crypto winter is a drawn-out one exacerbated by the collapse of large players such as Terra and the FTX crypto exchange. As crypto businesses continue to feel the effects of the current bear marke...
Japan Mulls Reversing Ban on Foreign-Issued Stablecoins: Report
Japan’s Financial Services Agency (FSA) has announced a draft system and guidelines for the circulation of stablecoins whose value is tied to legal currencies such as the U.S. dollar, according to a N...
‘Weak Crypto Market’ made Kraken Quit Japan Second Time.
Kraken, with its subsidiary Payward Asia, worked in Japan from 2018 to April 2018. They re-entered in October 2020 for the second term and will leave on January 31, 2023. All the users can withdraw t...
Crypto exchange Kraken set to leave Japan, thanks to these reasons
Crypto exchange Kraken has announced that it will exit the Japanese Market in January 2023. The move comes two years after the exchange re-entered Japan in 2020. San Francisco-based crypto exchange ...
Kraken pulls out of Japan blaming weak crypto market
Kraken has decided to close its operations in Japan and deregister from the Financial Services Agency, blaming a weak market. Kraken announced in a blog post earlier today that it has decided to close...
Kraken Leaves Japan Again, Citing A Poor Crypto Market.
Kraken, a global cryptocurrency exchange, has made the decision to suspend its operations in Japan for a second time. The company cites a strain on its resources as the primary motivating factor for t...
Apple Japan to Pay $98 Million in Back Taxes for Missing Duty-Free Abuses
Notably, iPhones are cheaper in Japan than abroad. As a result, Tokyo authorities suspect vendors trying to take advantage of the country’s duty-free system, purchasing the products and then selling t...
Crypto exchange Kraken to close Japan operations after mass job cuts
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Digital currency exchange Kraken will close down its operations in Japan next month, in a...
Kraken Ceases Operations in Japan Amid Tough Crypto Market
Crypto exchange Kraken confirmed in a blog post on Wednesday that it would quit the Japanese market by the end of January 2023. The news comes amid weak market sentiments and the ongoing bear price ac...
Kraken to cease operations for the second time in Japan
U.S.-based cryptocurrency exchange Kraken announced on Wednesday that it would stop operating in Japan by the end of the month due to the country’s present market conditions and a weak crypto ma...
Kraken Exchange Announces Ceasing of Operations in Japan
47 mins ago | 2 mins read Exchange News The exchange will close its offices in Japan and remove its registration with FSA. Payward Asia Inc., a Kraken subsidiary, manages the exchange’s Japanese outle...
Kraken to withdraw from Japan, cites bad market conditions
The U.S.-based cryptocurrency exchange Kraken, founded in 2011, has said it will withdraw from Japan. The platform cites bad market conditions following the collapse of FTX. According to a Wednesday r...
Kraken to shutter operations in Japan by end of January 2023
Kraken will shut its operation in Japan and deregister with the country’s Financial Services Agency on Jan. 31, 2023, according to a Dec. 28 statement. According to the exchange, the decision was mad...
Kraken quits Japan for second time blaming a ‘weak crypto market’
Global cryptocurrency exchange Kraken has decided to pull its operations in Japan for the second time, citing a strain on its resources amid a “weak crypto market.” In a Dec. 28 blog post, Kraken said...
It’s Been A Year To Forget For Leaders Of China, Japan, Korea
Protesters shout slogans during a protest against Chinas strict Covid measures on November 28, 2022 in Beijing, China. Kevin Frayer/Getty Images The old adage that “misery loves company” took on a who...
Unemployment rate falls to 3-month low in Japan; Monthly retail sales slow
Following the surprise decision by Governor Kuroda and the Bank of Japan to raise the cap on the 10-year government bond yields last week, the country’s unemployment data showed a decline to 2.5% for ...
Tether, the stablecoin is back in game in Japan
Stablecoins that do not rely exclusively on a fiat currency have been temporarily banned in Japan, however, the Prime Minister’s vision is about to turn the tables and enable the rest of stablecoins a...
With Japan set to lift its stablecoin ban, crypto enthusiasts can expect this in 2023
The Financial Services Agency is expected to reportedly lift its ban on foreign issued stablecoins in 2023 These stablecoins will be managed by local distributors who will have to ensure consumer prot...
Japan to lift its ban on foreign stablecoins in 2023
Japan’s Financial Services Agency (FSA) is set to lift the ban on foreign-issued stablecoins in 2023. The newly revised stablecoin act aims to regulate all virtual currencies and limit their issuance ...
Japan Reportedly Plans To Allow Foreign Stablecoins Next Year
Altcoin News The authority began soliciting public opinion on potential solutions. Local officials have expressed warnings about the dangers of using algorithmic stablecoins. Japanese authorities are ...
Japan Set to Lift Ban on Foreign Stablecoins in 2023
Japanese regulators are reconsidering lifting the ban on cryptocurrency restrictions related to foreign stablecoins such as Tether (USDT) and USD Coin (USDC) in 2023 according to reports by local news...
Japan to lift ban on foreign-issued stablecoins in 2023
Japan’s Financial Service Agency (FSA) will lift the ban on the local distribution of foreign stablecoins like USD Coin (USDC) in 2023, Nikkei reported on Dec. 26. According to the report, internation...
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
Japanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoins like Tether (USDT) or USD Coin (USDC). The Financial Services Agency (FSA) of Japan will ...
Stablecoin Regulations Could Loosen in Japan for Foreign Tokens
Japan’s Financial Services Agency is expected to remove the restriction on the domestic distribution of stablecoins created abroad in 2023. According to Coinpost, new crypto rules in accordance with ...
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji, Japan. Jirawat Plekhongthu / Eyeem | Eyeem | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth o...
The Yen Helps Sumitomo Mitsui Financial Group Soar To New 52-Week Highs
Yen, Japan, Sumitomo Mitsui getty Reacting positively to Japan’s central bank’s move to changes in its funds rate, Sumitomo Mitsui Financial Group blasted upward to a new high for the year. As the yen...
Astar Network named ‘Product of the Year’ in Japan
Astar Network (ASTR/USD), a leading Polkadot parachain with multi-chain smart contracts support, is the ‘Product of the Year’ winner after bagging the award at the 4th annual Blockchain Award. The pla...
The No-Alcohol Drinks Market Surpassed $11B In 2022
Abstainers and conscious drinkers are spending, as sales of low- and no-alcohol skyrocket. (Photo by … [+] Frazer Harrison/Getty Images) Getty Images Over the last few years, consumers have been...