Cryptocurrency Exchange Kraken Pulls Out of Japan, Citing Costs

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Long seen as among the friendliest jurisdictions for trading digital currencies, Japan has experienced troubles ranging from investor fraud to the $500 million hack of a Japanese crypto-exchange this year. Lawmakers have remained firmly supportive, however, and are moving to regulate new exchanges, rather than banning them outright. Earlier this month, they took the first step toward legalizing initial coin offerings, a controversial fundraising technique outlawed in places like China and South Korea.





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