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Digital currency broker Kraken finds Japan too costly
The news that Kraken will be exiting Japan, comes after Binance, which is the world's largest cryptocurrency exchange fell out the with Japanese financial regulator for failing to get a license to operate in the country. The San Francisco-based exchange has operated in the Asian country since 2014. Although this has made some exchanges withdraw, a further 100 firms are interested in joining the Japanese crypto market.
"Suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas [.] This is a localized suspension of service that only affects residents of Japan and does not impact services for Japanese citizens or businesses domiciled outside of Japan". The company has operations in the United States and Europe as well.
The exchange cited rising operating costs as the cause.
Netflix Blows Away Projections With 7 Million New Subscribers
The company's total revenue has also skyrocketed, rising 43 percent since a year ago , totaling $3.7 billion for the quarter. Following the completion of the sale, the insider now directly owns 21,448 shares in the company, valued at $5,473,529.60.
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Tower Research Capital LLC TRC bought a new stake in shares of Rockwell Collins in the 4th quarter valued at about $118,000. Credit Agricole S A increased Amdocs Ltd (NASDAQ:DOX) stake by 25,664 shares to 77,475 valued at $5.07 million in 2017Q4.
Zimbabwe fires 16000 striking nurses for "politically motivated" move
The association, which has more than 16,000 members, said the strike will continue until money is in nurses' hands. The nurses want to be paid other allowances they say were promised by the government in 2010 but never delivered.
The Financial Services Authority (FSA), which is responsible for regulating the financial services industry, deemed virtual currencies legal tender a year ago. According to some estimates, Japan accounted for the most trading volume in cryptocurrencies past year. "The exact dates for suspending trading and funding have not yet been determined", the exchange wrote, adding that tentatively the last day for deposits is "around mid-May", the last day for trading is "around mid-June", and the last day for withdrawals is "around end-June". You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc.
But legal certainty for cryptos in Japan has been accompanied by regulation.
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