EOS Network Receives Regulatory Approval to Trade Against Japanese Yen
The EOS Network has received whitelist approval from Japan’s crypto regulator, allowing EOS tokens to be traded against the Japanese yen on regulated crypto exchanges in Japan. This trading opportunity is set to become operational in September on the BitTrade exchange. Yves La Rose, CEO of the EOS Network Foundation, highlights the importance of entering the Asian market and praises Japan’s regulatory framework and government support. He also notes the untapped potential for tokenizing gaming intellectual properties in the Japanese market.
Main Key Points:
- EOS Network secures whitelist approval from Japan’s crypto regulator
- EOS tokens will be traded against the Japanese yen on regulated crypto exchanges in Japan
- Trading opportunity set to become operational in September on BitTrade exchange
- Yves La Rose emphasizes the significance of tapping into the Asian market and praises Japan’s regulatory framework
- Untapped potential for tokenizing gaming intellectual properties in the Japanese market
Resurgence of EOS Network
The EOS Network has experienced a resurgence, with its initial coin offering raising $4 billion. EOS now joins the ranks of select tokens approved for trading on Japanese exchanges, alongside bitcoin, ether, and monacoin. The Japan Virtual and Crypto Asset Exchange Association played a crucial role in obtaining regulatory approval, as part of its mission to safeguard investors through self-regulation. This approval allows for imminent trading of EOS against the Japanese yen on regulated cryptocurrency exchanges in Japan, starting in mid-September on the BitTrade exchange.
Hot Take:
The approval of EOS token for trading against the Japanese yen on regulated crypto exchanges in Japan is a significant milestone for the EOS Network. This not only opens up opportunities in the Asian market but also highlights the attractiveness of Japan’s regulatory framework for blockchain projects. With the potential to tokenize gaming intellectual properties, EOS is well-positioned to tap into the Japanese market. The resurgence of EOS and the commitment to fostering applications and gaming products in the EOS ecosystem further solidify its growth potential in the DeFi space.
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