Cardano (ADA) has recently acquired regulatory approval, allowing it to trade on Japanese exchanges.
Japan was perhaps one of the first countries in the world to open its doors to cryptocurrencies to such a degree, and while many countries have since become more crypto-friendly, Japan continues to play a significant role in crypto history. That isn’t to say that Japan isn’t cautious about which currencies can and can’t be accepted.
According to Sebastien Guillemot, CTO of dcSpark, acquiring regulatory approval for crypto assets to be listed on crypto exchanges in Japan is incredibly tough. This is why the fact that Cardano (ADA/USD) recently received regulatory approval is more significant.
Guillemot announced the news on Twitter, stating that ADA, along with Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Stellar, Tezos, NEM, Basic Attention Token, and Polkadot, has been accepted for listing on Japanese crypto exchanges.
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Guillemot continued by stating that the announcement is important not only for Cardano but also for the entire Japanese market, given that the significance of this listing is comparable to that of Cardano’s Coinbase listing earlier this year.
Cardano was finally listed in Japan! 🇯🇵 $ADA
Japan has extremely strict rules for crypto exchange listings.
Only a small number of tokens can be listed in Japan, and ADA is now on that list! 🎉🎉 https://t.co/n2oxPHKa36
— Sebastien Guillemot (@SebastienGllmt) August 3, 2021
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