EOS Network Gains Regulatory Clearance in Japan, Expanding Footprint in East Asian Markets

Crypto News– The EOS Network Foundation is thrilled to unveil a significant milestone in EOS’ ongoing journey towards widespread adoption and enhanced accessibility.

EOS Network Gains Regulatory Clearance in Japan, Expanding Footprint in East Asian Markets

An impactful stride has been achieved as the EOS token received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA). This momentous feat clears the path for EOS to be tradable against the Japanese yen on regulated cryptocurrency exchanges within Japan.

The JVCEA’s endorsement signifies a momentous advancement, opening doors for the EOS Network to reach a broader spectrum of Japanese end users, developers, and investors. Come mid-September, EOS trading will commence on BitTrade, a premier cryptocurrency platform that operates under licensure and regulation from Japan’s Financial Services Agency (FSA).

Japan’s stringent regulatory framework governing digital tokens is renowned for its robustness and rigorous standards. Operating under the Payment Services Act, the JVCEA and FSA exercise close oversight over crypto-asset providers, mandating a meticulous pre-screening procedure for new digital assets. The EOS Network’s alignment with these exacting regulations underscores its steadfast dedication to transparency, security, and innovative practices.

Securing regulatory approval from the JVCEA is a monumental achievement for EOS, affirming our steadfast commitment to compliance. 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, in particular within the gaming industry. We are poised for the opportunities that lie ahead and are dedicated to driving adoption and innovation across East Asian markets and beyond.

Yves La Rose, Founder and CEO of the EOS Network Foundation

EOS Network

Company is a 3rd generation blockchain platform powered by the VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of feeless transactions, purpose-built for enabling optimal Web3 user and developer experiences. The company is the Antelope framework’s flagship blockchain and financial center, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the ENF.