By June, residents of Japan for
the first time ever will be able to start buying and selling Bitcoin Satoshi’s
Vision (BSV) after it is listed on Huobi Japan.
BSV is the native
cryptocurrency of Bitcoin Satoshi’s Vision (BSV) and is sometimes called
Bitcoin SV.
Huobi Japan is one of
Japan’s most popular cryptocurrency exchanges and part of the Huobi Group, a
leading global digital asset financial service provider.
The BSV Blockchain
Association disclosed BSV’s listing on Huobi on Friday in a press statement.
Upon its listing, BSV
will become the 15th cryptocurrency listed on Huobi Japan.
“BSV joins a short,
highly selective list of cryptocurrencies available on Huobi and in the country
as a whole as the Financial Services Agency of Japan (FSA) is a tightly
controlled regulator of blockchain tokens,” the association said in the
statement.
Patrick Prinz, Managing
Director (MD) of the BSV Blockchain Association, noted that the listing of
Huobi shows the direction Japan is going to explore the possibilities
and solutions that blockchain technology can provide to businesses as well as citizens of the country.
According to the
statement, Prinz stated this while speaking at the inaugural BSV Global
Blockchain Convention in Dubai, the United Arab Emirates.
“We’ve been working
nonstop with businesses and officials across the globe, including Japan, to
educate and inform just how transformative BSV can be,” the MD added.
The Road to Listing
According to association, the listing of BSV on Huobi Japan took a long journey.
The group said the
Financial Services Agency (FSA), Japan’s financial market regulator, started
vetting the digital asset in March 2021.
The vetting process
included intensive risk analysis and sponsorship requirements from a regulated
exchange, it further said.
The association explained, “To get a
sense of just how strict the country’s evaluation system is, one need to look
no further than Huobi Global, which lists over 400 cryptocurrencies worldwide
available for buying, selling or trading.
“Alternatively, Huobi’s
Japanese platform lists just 14, with BSV becoming only the 15th cryptocurrency
to be listed.”
The association believes
that the approval from FSA will make room for other Japan-based exchanges to
also offer BSV on their platforms, too.
Meanwhile, Huobi recently launched a $100 million Lunar New Year campaign to encourage its users to explore the possibilities available in the Metaverse.
By June, residents of Japan for
the first time ever will be able to start buying and selling Bitcoin Satoshi’s
Vision (BSV) after it is listed on Huobi Japan.
BSV is the native
cryptocurrency of Bitcoin Satoshi’s Vision (BSV) and is sometimes called
Bitcoin SV.
Huobi Japan is one of
Japan’s most popular cryptocurrency exchanges and part of the Huobi Group, a
leading global digital asset financial service provider.
The BSV Blockchain
Association disclosed BSV’s listing on Huobi on Friday in a press statement.
Upon its listing, BSV
will become the 15th cryptocurrency listed on Huobi Japan.
“BSV joins a short,
highly selective list of cryptocurrencies available on Huobi and in the country
as a whole as the Financial Services Agency of Japan (FSA) is a tightly
controlled regulator of blockchain tokens,” the association said in the
statement.
Patrick Prinz, Managing
Director (MD) of the BSV Blockchain Association, noted that the listing of
Huobi shows the direction Japan is going to explore the possibilities
and solutions that blockchain technology can provide to businesses as well as citizens of the country.
According to the
statement, Prinz stated this while speaking at the inaugural BSV Global
Blockchain Convention in Dubai, the United Arab Emirates.
“We’ve been working
nonstop with businesses and officials across the globe, including Japan, to
educate and inform just how transformative BSV can be,” the MD added.
The Road to Listing
According to association, the listing of BSV on Huobi Japan took a long journey.
The group said the
Financial Services Agency (FSA), Japan’s financial market regulator, started
vetting the digital asset in March 2021.
The vetting process
included intensive risk analysis and sponsorship requirements from a regulated
exchange, it further said.
The association explained, “To get a
sense of just how strict the country’s evaluation system is, one need to look
no further than Huobi Global, which lists over 400 cryptocurrencies worldwide
available for buying, selling or trading.
“Alternatively, Huobi’s
Japanese platform lists just 14, with BSV becoming only the 15th cryptocurrency
to be listed.”
The association believes
that the approval from FSA will make room for other Japan-based exchanges to
also offer BSV on their platforms, too.
Meanwhile, Huobi recently launched a $100 million Lunar New Year campaign to encourage its users to explore the possibilities available in the Metaverse.
