Bloomberg: Coinbase Japan is laying off employees

ChainCatcher news, according to Bloomberg, the head of Coinbase's Japan division stated that they are currently laying off Japanese employees, but did not specify the exact number of layoffs. The official mentioned that they are working closely with Japanese regulators to provide a comprehensive transition plan for the affected employees.

In addition, according to Jinshi Data, Coinbase's Vice President of Business Development and International, Nana Murugesan, stated that Coinbase is gradually shutting down most of its operations in Japan and is moderately adjusting its local investment strategy, while still committed to global expansion. (source link)