coinspress.com
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.
READ MORE: Unveiling True Risks Behind Bitcoin’s Surge – Bloomberg Analyst’s Take
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.