Gate.io Announces Withdrawal From Japanese Crypto Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 24 2024
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Source: Coinmarketcap
Gate.io Exits Japanese Market: Gate.io, a prominent bitcoin exchange, will cease all services for the Japanese market effective July 22, implementing a compliance program to assist clients in migrating their assets to compliant platforms.
Regulatory Challenges in Japan: The decision highlights the stringent regulatory environment in Japan, governed by the Financial Services Agency (FSA), which has recently intensified scrutiny on crypto exchanges due to security and investor protection concerns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
