The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services.
Crypto exchange Gate.io has begun shuttering services for Japanese customers, citing “compliance requests” from the country’s financial regulator.
Gate.io announced the termination of services for all Japanese customers in a July 22 announcement, adding that it would assist affected customers in migrating their assets.
Starting July 22, the Cayman Islands-headquartered exchange will suspend the opening of new accounts for all customers based in Japan.
