Cryptocurrency exchange company Kraken announced plans to cease operations in Japan amid the fallout within the once-booming cryptocurrency industry. “We would like to inform you that after due consideration, Kraken has decided to cease its operations in Japan and deregister from the Financial Services Agency (JFSA) as of January 31, 2023,” Kraken said in a blog post published on Wednesday, translated in Japanese and English. “The decision is part of Kraken’s efforts to prioritize resources and investments in those areas that align with our strategy and will best position Kraken for long term success.” Kraken also said in their blog post that their business is unable to grow due t
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