The EOS Network Foundation has achieved a significant milestone in its journey, securing regulatory approval from Japan’s crypto authority. This green light further paves the way for the EOS token to be traded against the Japanese yen on well-regulated exchanges within the nation.
Approval and Strategic Trading on the Horizon
The EOS Network Foundation has formally announced that the Japanese Virtual and Crypto Asset Exchange Association has granted its token approval. This development aims to notably usher in a new era of trading possibilities for the EOS token.
Exciting times lie ahead as the EOS token gears up to debut on the Japanese exchange BitTrade in September. This strategic move marks a significant step for EOS. Also, traders can now anticipate engaging with the token in a fresh and promising context.
CEO’s Insights
Yves La Rose, CEO of the EOS Network Foundation, has underscored the immense importance of the Asian market to EOS. The region has long been a stronghold for the token, boasting a substantial number of tokenholders. La Rose commented,
“We strongly believe that the next wave of Web3 innovation will come in the form of blockchain-based gaming and GameFi. Asia is clearly a leader in that space.”
Japan’s Prime Minister Endorses Web3: A Paradigm Shift in Capitalism
Japanese Prime Minister Fumio Kishida recently reaffirmed his support for Web3 during a keynote address on July 25. Kishida’s remarks echo a growing sentiment about Web3’s potential to spark profound societal change and revolutionize the digital landscape.
Furthermore, describing Web3 as a cornerstone of the “new form of capitalism,” Kishida’s endorsement adds weight to the ongoing transformation.
Envisioning a Bright Future
Importantly, the EOS Network Foundation’s successful navigation of Japan’s regulatory landscape signifies a major achievement for the EOS token. As September draws closer, the launch of EOS trading on BitTrade promises new opportunities for traders, investors, and the broader blockchain community.
Notably, with the backing of Japanese regulatory clarity and the visionary support of leaders like Fumio Kishida, the journey ahead holds immense promise for EOS and the Web3 movement.
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