EOS Expands Into Asian Markets Following Regulatory Nod In Japan
The approval marks a significant step in EOS's journey towards broader adoption and accessibility.
Keep up with what's happening in the crypto world in real-time.
The approval marks a significant step in EOS's journey towards broader adoption and accessibility.
EOS price is eyeing a fresh increase from the $0.550 support against the US Dollar. The price is now trading above $0.60 and the 55 simple moving average (4 hours).
EOS holders could enjoy the new found happiness as the altcoin gained regulatory approval in Japan. The update also translated to some bullish sentiment around the altcoin.
The EOS Network Foundation has received whitelist approval from the Japanese regulator. Its token EOS has gained 4% amid the news.
In a series of developments that highlight the growing significance of the Japanese cryptocurrency market, both the EOS Network Foundation and Binance Japan have announced major strides in expanding their presence in the country. The EOS Network Foundation on Wednesday announced that the EOS (CRYPTO: EOS) token has received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA).
EOS, a well-established platform in the crypto industry, has recently achieved a significant milestone. The EOS Network Foundation (ENF) has successfully obtained regulatory approval to trade EOS tokens on regulated cryptocurrency exchanges in Japan.
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.
With a robust operational history and an efficient Ethereum Virtual Machine launched earlier this year in April, EOS has established itself as a trusted platform for developers in the crypto industry.
ENF, the issuer of EOS token, has been pushing to revive the fortunes of EOS, and Japan provides a major psychological boost to investors.
Japan's Virtual and Crypto Asset Exchange Association (JVCEA) has approved trading in the open-source blockchain EOS from mid-September.
EOS Network Foundation (ENF) revealed on Aug. 30 that the EOS (EOS) token has been granted whitelist approval by the Japan Virtual and Crypto Asset Exchange Association (JVCEA), allowing it to be traded against the Japanese Yen on regulated cryptocurrency exchanges in the Asian country.
The EOS Network Foundation has reached an important goal in its efforts to be used more widely. The EOS token has been given the okay by the Japan Virtual and Crypto Asset Exchange Association (JVCEA).
Under the Payment Services Act, the JVCEA and FSA, two financial bodies, closely monitor and regulate crypto-asset providers, requiring a thorough pre-screening process for new tokens.
The EOS Network Foundation announced that the EOS token will start trading on the Japanese exchange BitTrade in September.
The EOS Network Foundation, under the leadership of CEO Yves La Rose, is actively preparing for what they believe will be the next significant surge in the blockchain sector. Through a series of strategic initiatives, the foundation aims to position the EOS Network to meet the forthcoming demands and challenges of the industry, La Rose told Benzinga in an interview.
In a day brimming with activity across the cryptocurrency markets, EOS has emerged as a standout performer, showcasing an impressive surge of 1.69% in its trading value over the past 24 hours. This upward momentum has propelled EOS to a spot price of $0.5927, a testament to its resilience and potential within the ever-fluctuating crypto landscape.
EOS price started a fresh decline below the $0.625 zone against the US Dollar. The price is now trading below $0.610 and the 55 simple moving average (4 hours).
EOS price started a fresh decline from the $0.730 zone against the US Dollar. The price is now trading below $0.70 and the 55 simple moving average (4 hours).
The crypto markets are consolidating within a narrow range as the Bitcoin price remains stuck around $29,300. The recent bullish push lifted the price above the interim resistance, but the bulls failed to hold the rally above the gains. As a result, the price slipped while the popular altcoins continued to display bullish momentum.
EOS, a prominent cryptocurrency token tied to a blockchain platform designed to facilitate decentralized app creation, occupies a significant position within the cryptocurrency landscape. Despite its current rank at #47 and a market capitalization of $3,365,472,360, recent market activity and trends indicate a potential upward trajectory for EOS.
EOS price started a fresh decline from the $0.775 zone against the US Dollar. The price is now trading below $0.725 and the 55 simple moving average (4 hours).
The EOS Network Foundation (ENF) advises community members to carefully consider opting out of the $22 million settlement with B1 as the deadline approaches
The EOS Network Foundation (ENF) has encouraged EOS blockchain community members to reject a $22 million settlement from Block.one. It argues the claim doesn't adequately compensate users for funds they lost due to Block.one's “misrepresentations.
The EOS Network Foundation has called on plaintiffs to drop the $22 million settlement with Block.one weeks after initiating a new class action.