Japanese regulators approved Cardano’s native currency, ADA. They also allowed it to trade on Japanese crypto exchanges.
Japan has been crypto-friendly since its start, but it has strict approval guidelines. Japanese crypto exchanges meticulously screen the listed money to make sure they are safe investments.
Cardano supports their eligibility by demonstrating that they are compliant with the global regulatory framework. Now, the coin is more valuable because the Japanese regulators have accredited it.
The head of dcSpark, Sebastien Guillemot, posted a message on his Twitter account making a stunning announcement: the Japanese government has exceptionally restrictive rules for getting listed on crypto exchanges.
This type of listing is not common. Cardano now joins the previously mentioned digital currencies like Bitcoin, Ethereum, and Litecoin traded for cash at Japanese exchanges. Now It is impossible to overstate the significance of this itemisation in the development of Cardano (ADA) in the coming months and years.
Guillemot responded to the criticism with a tweet that clarified his position. In March, he expressed a completely different point of view than the Japanese about the listing of digital assets on Coinbase. Coinbase listing had a significant impact on the market.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.