EOS Expands Into Asian Markets Following Regulatory Nod In Japan

The EOS Network has made major inroads into the Asian Markets after it received critical regulatory approval in Japan, potentially accelerating its adoption in the East.

The approval marks a significant step in EOS’s journey towards broader adoption and accessibility.

A Big Step For EOS

The EOS Network Foundation has announced that it has been granted whitelist approval by the Japan Virtual and Crypto Asset Exchange Association (JVCEA). The JVCEA is a self-regulated body of cryptocurrency exchanges operating in Japan to protect investors. The approval from the JVCEA means EOS has the green light to legally expand its operations into the Japanese markets. The approval will also allow the protocol’s EOS token to be traded on regulated cryptocurrency exchanges operating in Japan.

The approval is an important milestone and could serve as a catalyst for accelerating its approval in Japan and the East. The EOS Network Foundation made the announcement in a blog post, stating,

“The EOS Network Foundation is delighted to announce a significant development in EOS’ journey towards widespread adoption and accessibility. The EOS token has been granted whitelist approval by the Japan Virtual and Crypto Asset Exchange Association (JVCEA). This momentous achievement paves the way for EOS to be traded against the Japanese yen on regulated cryptocurrency exchanges in Japan.”

Crypto journalist WuBlockchain noted that EOS will begin trading on BitTrade, formerly known as Huobi Japan, sometime in mid-September.

“The EOS Network Foundation said the EOS token has been whitelisted by the Japan Virtual Asset Exchange Association (JVCEA). EOS will begin trading on BitTrade, the Japanese exchange formerly known as Huobi Japan, in mid-September.”

Dedicated To Transparency, Security, And Innovation

Japan’s regulatory framework for cryptocurrencies is known for its strictness and comprehensive regulatory oversight. Crypto asset providers in the country are monitored by Japan’s Financial Services Agency (FSA) and the JVCEA, which the Payment

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Author: Amara Khatri

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