EOS Token Clears Regulatory Hurdle: Japan Market Beckons

The EOS Network Foundation has achieved a significant milestone by receiving whitelist approval from Japan's JVCEA, enabling EOS token trading against the yen on regulated exchanges.

This drove a 9% EOS token price increase to $0.6279. This clearance widens EOS’s accessibility to Japanese users, developers, and investors.

EOS is set to debut on BitTrade in mid-September, a respected FSA-regulated crypto marketplace. Japan’s rigorous regulatory system for digital tokens, governed by the Payment Services Act, underscores EOS Network’s commitment to security and innovation.

Yves La Rose, CEO of EOS Network Foundation, stressed this achievement’s significance, solidifying their commitment to compliance and heralding new opportunities in Japan’s gaming industry.

EOS gains traction in Japan due to Upland’s expansion (built on EOS) into Tokyo. With a strong five-year mainnet track record and high-performance Ethereum Virtual Machine, EOS cements its reputation.

This endorsement enhances EOS Network’s growth in East Asian markets, showcasing its reliability. EOS’s inclusion on regulated exchanges in Japan boosts cryptocurrency credibility, exemplifying adherence to stringent regulations and fostering investor and consumer confidence.

EOS’s success story guides blockchain innovation in Japan and globally.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.