The EOS Network Foundation Receives Whitelist Approval from Japanese Regulator
The EOS Network Foundation (ENF) has recently received whitelist approval from the Japanese regulator, the Japan Virtual and Crypto Asset Exchange Association (JVCEA). This approval allows the ENF’s token, EOS, to begin trading on the cryptocurrency exchange BitTrade in September. Furthermore, the token will also be traded against the Japanese yen on various regulated exchanges nationwide. As a result of this news, the price of EOS has increased by 4%, with a 3.7% gain in the span of 24 hours. Additionally, the market cap of EOS has risen by 4.5% to reach $688 million.
Here are the key points of the news:
– The EOS Network Foundation has obtained whitelist approval from the JVCEA.
– EOS will start trading on BitTrade in September.
– The token will also be traded against the Japanese yen on regulated exchanges in Japan.
– Following the news, EOS price has increased by 3.7% within 24 hours.
– The market cap of EOS has surged by 4.5% to reach $688 million.
The foundation, led by CEO Yves La Rose, was founded after severing ties with Block.One, a well-known blockchain solution. The ENF raised 6.5 million EOS (equivalent to approximately $21 million) directly from the community. The EOS mainnet, which launched in June 2018, has become a strong competitor to the Ethereum blockchain. However, it has also faced challenges that prompted the development team to reassess the project.
In conclusion, the EOS Network Foundation’s whitelist approval by the Japanese regulator is a significant milestone for the token. With the upcoming trading opportunities on BitTrade and other regulated exchanges, EOS has the potential to attract more investors and further solidify its position in the crypto industry.
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