The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding Down Majority of Japanese Operations Cryptocurrency exchange Coinbase is closing the bulk of its operations in Japan, Nana Murugesan, vice president for business development and international, revealed in an interview with Bloomberg Wednesday. He said: We’ve decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity. Coinbase teamed up with Mitsubishi UFJ Financial Group Inc. to launch a crypto exchange in Japan in 2021. Murugesan explained that Coinbase is finalizing its discussions with Japan’s top financial regulator, the Financial Services Agency (FSA). He noted that a smal
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