The world’s third largest digital asset – Cardano (ADA) – has overcome stringent regulatory hurdles to finally launch on BitPoint in Japan.
After a week of pushing all-time highs, Charles Hoskinson’s brainchild has announced the listing of ADA following months of box-ticking for Tokyo’s strict crypto licensing regime.
By meeting Japan’s tight rules the project, Cardano has unlocked a special status – appearing for the time to being regulator-proof.
Japan’s tight crypto rules
Japan’s cryptocurrency and digital asset licencing regime comes as part of wider stringent financial controls aimed at protecting Japanese investors from financial volatility, scams, and mis-selling.
Tokyo’s regulatory agency – the FSA – has established a dedicated crypto section, as well as a panel of financial experts to help the government oversee digital…