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25 sats \ 0 replies \ @TomK 18 Jan 2023
Capital flight brewing... same here in the Eurozone. They really messed it up. Too much public debt to be inflated away easily
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147 sats \ 3 replies \ @cointastical 18 Jan 2023
This explanation doesn't really make sense.
There's a larger piece of the pie for Coinbase with FTX bankrupt and Kraken leaving. So even with a smaller pie, it would make sense that there's plenty of business for at least one U.S.-based global exchange to remain in Japan.
Something else is going on .
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25 sats \ 1 reply \ @satcat 18 Jan 2023
Exactly, smells like new Japanese crypto regulation crackdown incoming.
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25 sats \ 0 replies \ @k00b 18 Jan 2023
Agreed. Weird to see two exchanges exchanges exiting near simultaneously ... unless demand is just abnormally low in Japan for some reason.
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25 sats \ 0 replies \ @Lumor 18 Jan 2023
JCB is abandoning the Yen and moving to a Bitcoin standard, resulting in the current pump. 😁 Maybe Coinbase end up holding uncomfortable amounts of Yen.
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10 sats \ 0 replies \ @faithandcredit 18 Jan 2023
Multi national exchanges might not be making much money anymore? And each country supported carries a burden from aml, to bank connections to customer support. Maybe they just can't compete with the local exchanges. If there are any
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