Coinbase announced that, due to market conditions, it will halt operations in Japan and conduct a complete review of its business in the country.
Coinbase said it has segregated the Japanese Yen and crypto assets of its customers, and will ensure that all customers can withdraw their assets. Fiat deposit functionality will be removed on January 20th, JST.
All Coinbase Japan customers will have until February 16th, JST to withdraw their fiat and crypto holdings from Coinbase. Any remaining crypto holdings held on Coinbase on or after February 17th will be converted to JPY, and will be sent to a Guaranty Account at the Legal Affairs Bureau. Customers who don't withdraw on time will have to coordinate with the Legal Affairs Bureau to retrieve their JPY balance.
Coinbase
