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Uncategorized

EOS Token Secures Japan’s Approval, The Price Soars Over 10%

August 30, 2023 - Around 2 mins mins to read

Key Points:

  • Japan’s JVCEA grants EOS token whitelist approval, a significant step for wider adoption.
  • EOS token will trade against the yen on BitTrade from mid-September, expanding accessibility.
  • Approval underscores EOS’ commitment to security, fostering growth in East Asian markets.
The EOS token has achieved a significant milestone on its path to broader adoption, gaining whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA).
EOS Token Secures Japan's Approval, The Price Soars Over 10%

This approval allows EOS to enter the Japanese market with enhanced accessibility and legitimacy. EOS tokens will soon be available for trading against the Japanese yen on regulated cryptocurrency exchanges within the country.

The JVCEA is a respected regulatory body known for its stringent oversight of digital tokens. This endorsement not only signifies a major step forward for the EOS Network but also expands its reach to Japanese users, developers, and investors.

Scheduled for mid-September, EOS will debut on BitTrade, a renowned cryptocurrency platform under the regulation of Japan’s Financial Services Agency (FSA).

The EOS Network Foundation’s compliance with Japan’s rigorous regulatory framework highlights its commitment to security and transparency. This achievement is credited to the platform’s dedication to adherence and innovation, underscoring its reputation as a reliable and robust blockchain solution.

Yves La Rose, Founder and CEO of the EOS Network Foundation, expressed the significance of this regulatory approval. He emphasized EOS’ dedication to compliance and its potential to foster stronger connections in the Japanese market.

The EOS Network has already gained popularity in Japan with its successful integration into Upland, a prominent metaverse built on EOS.

This JVCEA approval reinforces EOS’ reputation, propelling it towards greater adoption and success in East Asian markets. Backed by strong partnerships and a history of reliability, EOS continues to solidify its global position as a leading blockchain platform.

Immediately following this positive news, EOS spiked more than 10% at $0.643 then dropped to $0.629 at the present time.

EOS Token Secures Japan's Approval, The Price Soars Over 10%
EOS price chart. Source: TradingView

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

EOS

EOS network

EOS Network Foundation

Financial Services Agency

FSA

Japan

JVCEA

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.