Cardano (ADA) recently received regulatory approval that allows 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 an extent, and although many countries have since become more crypto-friendly, Japan continues to play a prominent role in crypto history. That is not to say that Japan is not careful about which currencies can and cannot be accepted.
Getting regulatory approval to list crypto assets on crypto exchanges in Japan is incredibly difficult, according to Sebastien Guillemot, CTO of dcSpark. Because of this, the fact that Cardano (ADA / USD) recently received regulatory approval is of more concern.
Guillemot announced the news on Twitter, stating that ADA was accepted for listing on Japanese crypto exchanges along with Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Stellar, Tezos, NEM, Basic Attention Token and Polkadot.
Guillemot went on to say that the announcement is important not only for Cardano but also for the entire Japanese market, as 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 listing crypto exchanges.
Only a small number of tokens can be listed in Japan, and ADA is on that list now! https://t.co/n2oxPHKa36
– Sebastien Guillemot (@SebastienGllmt) August 3, 2021