1. BITBILIHome
  2. Article

EOS gains JVCEA approval for token trading in Japan’s exchanges

• 240 views

TL;DR Breakdown

  • EOS obtains regulatory approval for trading EOS tokens on Japanese exchanges.
  • EOS token holders can soon trade against the Japanese yen on a regulated platform.
  • CEO Yves La Rose highlights the significance of approval for EOS’s commitment.

Description

EOS, a well-established platform in the crypto industry, has recently achieved a significant milestone. The EOS Network Foundation (ENF) has successfully obtained regulatory approval to trade EOS tokens on regulated cryptocurrency exchanges in Japan. This approval was granted by the Japan Virtual and Crypto Asset Exchange Association (JVCEA), a regulatory body that ensures the safety … Read more

EOS, a well-established platform in the crypto industry, has recently achieved a significant milestone. The EOS Network Foundation (ENF) has successfully obtained regulatory approval to trade EOS tokens on regulated cryptocurrency exchanges in Japan. This approval was granted by the Japan Virtual and Crypto Asset Exchange Association (JVCEA), a regulatory body that ensures the safety of crypto trading in Japan. 

The approval means that EOS token holders will soon be able to trade against the Japanese yen on BitTrade, a digital asset marketplace regulated by Japan’s Financial Services Agency (FSA). The trading of these digital assets is expected to begin in mid-September of this year.

This achievement is a testament to EOS’s compliance with regulations and signals its commitment to transparency and security. Yves La Rose, the CEO of ENF, expressed his excitement about this development. He emphasized that this approval affirms EOS’s commitment to compliance and opens up new opportunities for EOS in the Japanese market. He believes this move will strengthen ties with businesses and developers in Japan, especially those in the gaming industry.

EOS’s commitment to the East Asian markets is evident in its actions. The platform has already made its presence felt in Japan through Upland, a digital universe built on the EOS blockchain. Upland expanded its reach to Tokyo and announced its entry into the Japanese market in July. This was possible through a partnership with ON1 FORCE, a prominent anime PFP project in the Web3 ecosystem. This partnership allowed users in the region to explore the EOS Network further.

In addition to its expansion efforts, EOS has been actively supporting projects built on its network. Earlier in April, EOS Network Ventures, the investment arm of the protocol, allocated $20 million to assist developers in creating apps and games on the network. This move significantly boosted the network’s decentralized finance (DeFi) ecosystem, leading to a surge in value for EOS-based projects.

In the same month, ENF entered into a strategic partnership with DWF Labs, a digital asset market maker and investment firm, with an investment of $60 million. A significant portion of this investment, around $45 million, was used to purchase the EOS token, while the remaining $15 million is earmarked to support other protocols within the EOS chain.

EOS recently celebrated its fifth anniversary in June 2023. This celebration came shortly after the official release of its EVM mainnet. Over the past five years, EOS has achieved remarkable feats, including processing over 100 million transactions daily.

EOS’s recent regulatory approval in Japan is a testament to its commitment to compliance, transparency, and security. With its robust operational history and strategic partnerships, EOS is poised to strengthen its position in the crypto industry, especially in the East Asian markets.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:EOS gains JVCEA approval for token trading in Japan’s exchanges

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月30日 22:06
Next 2023年8月30日 23:53

Related articles

  • Canadian regulator proposes revised guidelines for crypto holdings

    TL;DR Breakdown Canadian regulator OSFI has proposed changes to the capital approach for digital assets. Addressing evolving risks in the global crypto landscape. Description Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI), has recently announced proposed changes to its capital and liquidity approach for crypto assets. The proposed rules aim to simplify institutions’ management of perceived risks associated with cryptocurrencies by defining four categories of crypto assets and their respective capital treatment. Canadian regulator seeks public … Read more Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI), has recently announced proposed changes to its capital and liquidity approach for crypto assets. The proposed rules aim to simplify institutions’ management of perceived risks associated with cryptocurrencies by defining four categories of crypto assets and their respective capital treatment. Canadian regulator seeks public consultation In an effort to ensure transparency and gather feedback from stakeholders, the Canadian regulator has initiated public consultations on two draft guidelines. The first guideline impacts federally regulated deposit-taking institutions, such as banks and credit unions, while the second addresses the regulatory…

    Article 2023年7月27日

  • Bitcoin Faces Fresh Challenges as US Debt Deal Raises Concerns, Citigroup Warns

    TL;DR Breakdown US Treasury’s cash rebuild: The US Treasury’s plan to replenish its cash balance through a massive Treasury bill deluge may negatively impact cryptocurrencies like Bitcoin and Ether, leading to higher volatility and weaker returns. Uncertainty surrounding US government default: While a potential US government default could theoretically benefit decentralized digital assets, such as Bitcoin, the crypto industry is still in its early stages. Bitcoin and other cryptocurrencies may face a challenging near-term outlook as the US Treasury looks to rebuild its cash balance through a massive Treasury bill deluge. Citigroup Research strategists have warned that the impending reserve drawdown and the subsequent potential drain of liquidity from the banking sector could result in higher volatility and weaker returns for risky assets like Bitcoin and Ether.  This development comes at a time when digital asset investors were just recovering from fears surrounding the US debt ceiling. This article delves into the potential implications of the US debt deal on the cryptocurrency market and analyzes the current state of Bitcoin. Contents hide 1 Impending US Treasury Rebuild Poses Headwinds for…

    Article 2023年6月8日

  • U.S. debt deal approved with bipartisan backing

    TL;DR Breakdown The U.S. House of Representatives has approved a bill to suspend the $31.4 trillion debt ceiling, preventing a potential financial crisis. The bill received bipartisan support with majority votes from both Democrats and Republicans, indicating unity amidst usually polarized political spheres. President Joe Biden praised the passage of the bill and urged the Senate to quickly follow suit to avoid an impending government default. In a monumental political move, the House of Representatives in the U.S. has approved a bill to suspend the $31.4 trillion debt ceiling, a move marked by unity from both sides of the aisle. The passage of this legislation comes in the wake of fears of a potential financial catastrophe should the federal government default on its payments. A display of bipartisan support Defying the polarization often seen in the current political climate, the bill found favor with a majority of both Democrats and Republicans, allowing it to overcome resistance spearheaded by a faction of staunch conservatives. The final vote revealed a divided Republican party, with the tally standing at 314-117 in favor of…

    Article 2023年6月5日

  • Iran joins China and Russia’s SCO – Details

    TL;DR Breakdown Iran has become a full member of the Shanghai Cooperation Organisation (SCO), an economic and security bloc led by Russia and China. This development signals a major shift in international relations, positioning SCO as a strong counterweight to Western-led bodies. The SCO, covering about 60% of Eurasia and 40% of the world population, continues to expand its influence. Description In a defining geopolitical shift, Iran has made its way into the prestigious fold of the Shanghai Cooperation Organisation (SCO), an influential bloc led by Russia and China, further expanding its reach and presenting a robust counterweight to Western-led international bodies. This development, alongside the deteriorating relationship between the SCO’s founders and the West, implies … Read more In a defining geopolitical shift, Iran has made its way into the prestigious fold of the Shanghai Cooperation Organisation (SCO), an influential bloc led by Russia and China, further expanding its reach and presenting a robust counterweight to Western-led international bodies. This development, alongside the deteriorating relationship between the SCO’s founders and the West, implies a deepening change in the global…

    Article 2023年7月6日

  • Lido’s July 2023 report reveals surge in total value locked and adoption

    TL;DR Breakdown Lido’s July 2023 report highlighted significant growth, with Total Value Locked (TVL) surpassing $15 billion, and over 10,000 new stakers using the protocol, a 50% increase from the previous month. The protocol’s governance saw one successful Snapshot vote concerning the Ethereum Node Operator Shortlist, and the onboarding of new Node Operators is scheduled for mid-August. Lido expanded its reach through various integrations and collaborations with platforms like Wirex, OKX, BitDAO, BitKeep Wallet, and Layer3, enhancing accessibility and fostering a vibrant ecosystem. Description In July 2023, the Lido protocol, a prominent Ethereum staking platform, showcased significant advancements in its performance and collaborations. It is important to know that the Total Value Locked (TVL) in Lido surpassed the $15 billion mark, a threshold not witnessed since May 2022. This growth is particularly noteworthy given the recent decline in the … Read more In July 2023, the Lido protocol, a prominent Ethereum staking platform, showcased significant advancements in its performance and collaborations. It is important to know that the Total Value Locked (TVL) in Lido surpassed the $15 billion mark, a…

    Article 2023年8月8日
TOP