Gate.io to stop serving Japanese customers
The cryptocurrency exchange blames regulatory pressure and “compliance requirements” from the local financial regulator as the reason for the termination of services.
Crypto exchange Gate.io has begun shutting down services for Japanese customers, citing “compliance requirements” from the country’s financial regulator.
Gate.io announced the termination of services for all Japanese customers in a July 22 announcement, saying it would assist affected customers in migrating their assets.
As of July 22, the Cayman Islands-based exchange will suspend opening new accounts for all Japanese customers.