According to the EOS Network Foundation, trading in the EOS cryptocurrency will begin in September on the Japanese market BitTrade.
In a groundbreaking development, the EOS token has secured a significant milestone by receiving approval from Japan’s regulatory authority for cryptocurrencies. This green light paves the way for EOS to be traded against the Japanese yen on duly regulated exchanges within the country’s borders. This announcement, conveyed to Nosisnews, marks a pivotal moment for the EOS Network Foundation (ENF), which actively nurtures EOS’ growth and progress.
Unlocking the Japanese Market
The EOS Network Foundation officially shared that the Japanese Virtual and Crypto Asset Exchange Association has granted EOS approval. This pivotal clearance empowers EOS to establish a formidable presence in the Japanese cryptocurrency trading landscape. A highlight of this development is that EOS will soon be tradable against the Japanese yen on authorized and regulated exchanges.
The ENF, recognizing the strategic significance of this achievement, emphasized that trading activities involving EOS will commence as early as September on a prominent exchange known as BitTrade. Yves La Rose, the CEO of ENF, conveyed his enthusiasm, emphasizing the utmost importance of penetrating the vibrant Asian market. According to La Rose, Asia stands as a key pillar for EOS, boasting a substantial number of tokenholders.
I am excited to share that #EOS has received regulatory approval from the JVCEA to begin trading in Japan!
— Yves La Rose (@BigBeardSamurai) August 30, 2023
Starting in mid-September, $EOS will begin trading on @BitTrade_jp, a licensed and regulated Japanese marketplace. This is a major milestone for the network.
🇯🇵 🤝 EOS https://t.co/p9g7QqR2TH
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La Rose stated, “We strongly believe that the next wave of Web3 innovation will come in the form of blockchain-based gaming and GameFi. Asia is clearly a leader in that space.” This sentiment underscores the region’s dynamic potential for fostering groundbreaking advancements within the blockchain gaming realm.
Japan’s Role in Web3 Evolution
Yves La Rose further highlighted Japan’s burgeoning significance within the realm of Web3 and its associated technologies. He articulated Japan’s advantageous position as a growing market enriched by a well-established regulatory framework and government support. In La Rose’s perspective, the nation is poised to harness an “incredible opportunity” to expand its market share in the evolving digital landscape. Japan’s distinctive blend of regulatory clarity and diligent oversight enhances its appeal as a hub for cryptocurrency innovation.
Beyond the realm of regulatory achievements, La Rose also pointed out the promising potential of tokenizing gaming intellectual properties, a domain where Japan holds substantial assets ripe for exploration. As Japan forges ahead, it aligns with the global trend of embracing blockchain technology and its transformative potential.
Reiterating Japan’s commitment to the digital evolution, Japanese Prime Minister Fumio Kishida’s recent keynote address reiterated the nation’s steadfast position in the Web3 era. Kishida highlighted the profound potential of Web3 to catalyze societal change and revolutionize the digital landscape. He underscored Web3’s role in shaping the “new form of capitalism,” affirming that Japan remains at the forefront of this transformative journey. As EOS steps onto Japan’s regulatory-approved trading stage, it becomes a part of this larger narrative, contributing to the vibrant evolution of digital paradigms.
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