SiGMA

Japan greenlights its first cryptocurrency

Added: Jan 22, 2021 17:21 Category: Deep Tech , Posted by
sw

Enjin Coin becomes the first cryptocurrency approved by Japanese regulators and will be listed on the Coincheck exchange on January 26

A monumental verdict is reached as Japanese regulators give the green light to Enjin Coin (ENJ)and will become the first cryptocurrency approved by Japanese regulators. The agreement was made possible through a partnership with HashportEnjin Coin will be listed in Coincheck on January 26. Enjin Coin, first launching back in 2017, also leverages non-fungible token (NFT) technology. 

The news was made public through a statement issued by Entain Coin on 19 January 2021. They announced that the governing body behand the agreement was the Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory organisation formally recognised by the Japanese Financial Services Agency (FSA). Under this agreement, Japanese users will be able to purchase ENJ with Yen and trade with Bitcoin. Approval for the JVCEA includes a ‘rigorous examination process’.  

Market data shows that ENJ jumped more than 71% after the announcement and currently holds a price of $0. 4073. 

Maxim Blagov, Enjin’s CEO hoped that the verdict will help catalyst crypto adoption across Japan: 

maximFrom Super Mario to Pokémon and Final Fantasy, Japan is home to pioneering games that hold a lasting place in pop culture. Japan’s culture of innovation is directly aligned with Enjin’s. We believe some of the world’s best blockchain games will come from the Japanese gaming industry, and we will be there to help them leverage this powerful technology to the fullest. 

Hashport’s CEO, Seihaku Yoshida, provided insight into Enjin Coin’s approval process stating: 

Enjin made a bold commitment entering the Japanese market in 2019, determined to grow their business in the space regardless of market conditions. After more than a year of due diligence, the approval and listing of Enjin Coin on Coincheck is an important milestone for Enjin and adoption of its blockchain platform in Japan.

He concluded:  

Since our partnership was announced, the Enjin team has been in discussions with various leading domestic companies and projects. I’m honored to help them achieve this milestone and positively impact the Japanese gaming industry and beyond.

Source: Bitcoin.com 

 

 

About SiGMA Rebranding: 

SiGMA Group has just unveiled the face of its rebranded website. Through a commitment to quality and years of successful operations, SiGMA has nurtured the development of a strong brand, allowing for its evolution into a global influencer on the gaming and tech stage. The new layout offers a holistic user experience, reflecting a shift in the gaming industry towards a more global perspective, as well as SiGMA’s growing international portfolio as it launches new core events across 4 continents.

Related Posts

BGaming releases Hawaiian-style slot Aloha King Elvis

BGaming launched the brand’s new slot Aloha King Elvis! The game is the sequel of the most popular game in the provider’s portfolio called Elvis Frog in Vegas

Cute Elvis Frog – the main character of the story – this time goes for vacation to the tropical islands full of summer vibes and melodic guitar rhythms. A beach Hawaiian party with Elvis as a headliner will be explosive and full of fun! Eye-catching graphic and bright colors along with upbeat music parts makes the slot juicy and truly hot! The game is already available at reputable casinos such as Crazy Fox, Playamo and others.

Skywind Group partners with colourful online casino innovators Casumo

Skywind Group is very excited to announce its latest partnership with “your favourite online casino” Casumo, who will introduce their players to Skywind’s content in Sweden, Germany and UK

Casumo is a hugely popular operator that has been an influential brand in the world of iGaming for nearly a decade. They were pioneers in gamification and one of the first online casinos to offer tournaments with their “Reel Races”. Their vast amount of games and the bright colorful product design, which many operators later mimicked, has given them mass appeal and loyal players.

IZIBET.com goes live with EveryMatrix’s turnkey solution

EveryMatrix is pleased to announce the relaunch of IZIBET, the online brand has been successfully revamped via EveryMatrix’s turnkey solution earlier this summer

IZIBET is managed by the IZI GROUP, a gaming group that successfully operates the famous Malta-based Dragonara Casino since 2010. IZI Group also manages the largest network of sports betting shops in Malta and now has taken the step to further expand its digital presence and offer players the opportunity to play from anywhere on IZIBET.com.