• EOS secures regulatory approval to operate in Japan.
• EOS price action makes a bullish attempt after the recent bottom range.

The EOS network achieved an important regulatory milestone that could potentially accelerate its adoption in the East. The network’s latest announcement revealed that the EOS network was now in a better position to penetrate the Japanese market.

Is your portfolio green? Check out the EOS Profit Calculator

EOS announced that it secured regulatory approval to operate in Japan. The approval issued by Japan’s Virtual and Crypto Asset Exchange Association (JVCEA) means the network now has a green light to expand its adoption legally into the Japanese market. This will also allow the EOS cryptocurrency to be traded on regulated crypto exchanges in the country.

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. https://t.co/XLWqSzCNJO

— Wu Blockchain (@WuBlockchain) August 30, 2023

Japan has a reputation for having a strict financial regulatory framework. Hence the EOS approval in the country validates the network’s efforts towards compliance. EOS founder and CEO Yves La Rose had this to say about the development.

“This landmark approval ushers in new prospects for EOS in the Japanese market, fostering stronger connections with discerning businesses and developers seeking robust blockchain solutions.”

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Author: Michael Nderitu

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