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EOS Receives Regulatory Approval in Japan, Set to Trade Against Yen

EOS Receives Regulatory Approval in Japan, Set to Trade Against Yen

The EOS Network Foundation has announced that the EOS token has received whitelist approval from Japan’s crypto regulator, allowing it to be traded against the Japanese yen on regulated exchanges in the country. The token will start trading on the Japanese exchange BitTrade in September. The ENF CEO, Yves La Rose, emphasized the importance of tapping into the Asian market, stating that Asia is a leader in blockchain-based gaming and GameFi. He also highlighted Japan’s growing market and established regulatory framework as an “incredible opportunity” for market share absorption. Japanese Prime Minister Fumio Kishida has expressed support for Web3, describing it as part of the “new form of capitalism.”

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