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Exchanges avoiding Japan and Hongkong


xtinepink

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Posted

Now some big exchanges are avoiding Asian market such as Japan and Hongkong mainly because regulatory uncertainties. 

Kraken is one the exchange that had to pull it out. "Suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas," Kraken said.

Also Bitfinex  is also seeking to evacuate Hong Kong; it appears to be on the way to Switzerland.

What are your thoughts to this one?

Source: https://asia.nikkei.com/Spotlight/Bitcoin-evolution/Cryptocurrency-exchanges-step-away-from-Japan-and-Hong-Kong

Posted

I don't have enough knowledge on this. I don't know why they are pulling out because of that regulatory thing. But whatever it is this news will not affect people from those place. They have more options. 

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