Cardano (ADA) Listing On Japanese Crypto Exchange EMURGO And Bitpoint

JAKARTA – Recently, the cryptocurrency Cardano (ADA) was reportedly registered on a Japanese crypto trading platform called EMURGO. With Cardano's listing, Japanese investors can already buy the fifth largest cryptocurrency by market cap.

Based on the Daily Hodl report, former EMURGO executive who focuses on the Cardano network, Sebastien Guillemot said that the ADA has been approved although it is not an easy matter because of strict regulations in Japan, especially regarding cryptocurrencies that will be listed on existing crypto exchanges. in that country.

“Cardano is finally registered in Japan! THERE IS. Japan has very strict rules for listing crypto exchanges. Only a small number of tokens can be registered in Japan, and ADA is now on that list!”

This information is confirmed by EMURGO. They also said that ADA will soon be listed on other Japanese crypto exchanges such as Bitpoint.

“As a company with Japanese heritage, EMURGO has been working with Japanese exchanges for some time, and we are pleased that ADA [will soon be listed] on its first Japanese exchange, Bitpoint.”

ADA is planned to be available at the end of August. Bitpoint said that they will make a separate announcement regarding the listing date of Cardano cryptocurrency on its platform.

Based on a report from Reuters, in July Japan reportedly tried to increase its workforce to oversee digital asset regulation. Japan's Ministry of Finance is discussing the possibility of adding staff to both the Ministry of Finance and the Japan Financial Services Agency intended to help regulate cryptocurrencies.

This shows the seriousness of the government in overseeing crypto trading in Japan. Although the process of listing new coins on crypto exchanges from Japan is fairly strict, ADA's success in entering EMURGO and Bitpoint is of added value for the Cardano cryptocurrency holders.