Japanese Regulator Approves EOS Token Trading Against Yen on Regulated Exchanges
Summary:
Japan's crypto regulator has granted whitelist approval to EOS token, allowing trading against the yen on regulated exchanges. BitTrade will enable trading starting in September. ENF CEO highlights the importance of the Asian market for EOS, particularly in gaming and GameFi. Japan's regulatory framework and government support present significant opportunities. Japanese Prime Minister supports Web3 as part of a "new form of capitalism.
Japan's crypto regulator has granted whitelist approval to the EOS token, allowing it to be traded against the Japanese yen on regulated exchanges. The EOS Network Foundation (ENF) announced that the token has received approval from the Japanese Virtual and Crypto Asset Exchange Association. BitTrade, an exchange, will enable trading for the token starting in September. According to ENF CEO Yves La Rose, the Asian market is crucial for EOS due to its large number of tokenholders. La Rose believes that blockchain-based gaming and GameFi will drive the next wave of Web3 innovation, with Asia leading the way. Japan's established regulatory framework, supportive government, and potential for tokenizing gaming intellectual properties offer an exceptional opportunity. Japanese Prime Minister Fumio Kishida has also expressed support for Web3, describing it as part of a "new form of capitalism.
Published At
8/30/2023 6:10:00 AM
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