Has Kraken disconnected from Japan’s Crypto Market?

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Kraken, the Cryptocurrency exchange with headquarters in San Francisco, has stopped its activity on the Japanese financial market because of the high operation cost there. However, the company hinted it could come back, with Japan being one of the world’s biggest bitcoin trading centres.

The Financial Services Agency has been inspecting the market in order to reinforce security systems. The financial technology platform had obtained permission to function on the Japanese cryptocurrency market without a proper license.