Cardano (ADA) sees Japan listing after passing strict crypto regulatory checks


Cardano ( $1.41 ) (ADA) just became one of the rare tokens that succeeded to receive approval to be listed on crypto exchanges in Japan.

Big boost to Cardano ( $1.41 ) ’s legitimacy

According to Sebastien Guillemot, CTO of dcSpark, a blockchain company that builds software products on Cardano ( $1.41 ) , Japan has draconian rules for listings on crypto exchanges and the importance of acquiring regulatory approval cannot be overstated.

“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,” said dcSpark CTO, whose crypto startup is currently working on a decentralized application browser for Cardano ( $1.41 ) dubbed “Flint” and “Milkomeda,” which will simplify the use of smart contracts.

Cardano ( $1.41 ) 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

“Although you weren’t tracking this one, I would say this is comparable to Coinbase listing news for the JP community,” Guillemot added, pointing to the significance of the news.

@ListADA420 although you weren’t tracking this one, I would say this is comparable to Coinbase listing news for the JP commmunity

— Sebastien Guillemot (@SebastienGllmt) August 3, 2021

Guillemot compared the approval in Japan to ADA’s listing on Coinbase back in March, since it, besides bolstering Cardano ( $1.41 ) ’s legitimacy, also opens up an entirely new market for ADA, the fifth-largest cryptocurrency by market cap. 

As the network successfully progresses through a major upgrade

With the completion of its pivotal update phase, called Alonzo, which is focused on introducing the smart contract functionality, ADA will enter a whole new playfield.

Recently Cardano ( $1.41 ) ’s founder Charles Hoskinson teased the announcement of a definitive rollout date for mid-month.

The news of the listing on Japanese exchanges has so far not resulted in a substantial increase in the price of ADA that continues to move around $1.36, recording just a slight 1% uptick in the last 24 hours.

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