Leading blockchain channel and cryptocurrency token, IOST has achieved a major milestone as it gets the regulatory approval by the Financial Services Agency (FSA) along with the token’s listing on Coincheck on September 8 for users. By adding its name to Japan’s biggest compliance exchange portal, Coincheck, IOST has given proof of its unparalleled services and revolutionary decentralized system. The IOST team took to its Twitter handle to broadcast the news in the community stating:
By fulfilling all the strict guidelines, IOST became the 14th token to be listed on Coincheck. It has grabbed the 29th rank in the compliant crypto-asset list with the latest accomplishment in the Japanese market domain. The decision to add IOST has been taken after vigilant scrutiny and analysis of various public chain networks worldwide. This inclusion will mark the beginning of IOST’s journey in Japan. The firm aims to use its best resources and technological expertise to establish cooperation with more trading projects, listed firms, and government agencies in the country. IOST will explore more regional jurisdictions in the near future, including South Korea, Vietnam, the USA, Singapore, and many more, to encourage mass adoption and development.
IOST has been quite active in the Japanese market in 2020. It entered into various partnerships and inclusions to achieve its core objective. The milestones conquered by the team have helped it in shaping its success in the country.
- In the early months of 2020, IOST partnered with Fujimi Town to proliferate into the region’s energy domain.
- The Japanese political party SANSEITO, in June, used IOST-powered digital voting and decision-making channels. In the same month, IOST entered into a partnership with the Japanese Medical Health Tech project, Pracs, to establish a blockchain-based medical record portal.
- The team secured the first spot in Popular Coin Voting in August 2020, organized by Huobi exchange.
- Since 2018, the Blockchain Free Education Program of IOST has been launched in seven universities and education entities of Japan. It offered blockchain courses to more than 300 students.
Japan takes pride in being the first country to legalize digital assets transactions and design legal provisions for the domain. The country boasts of the most compliant trading portals in the world and has a major role in laying out the structure of crypto regulatory guidelines. The Financial Services Agency is the apex body for regulating the Japanese crypto market. The firms need to apply for a license to function in compliance in the state. This feasible system makes Japan regulatory network a hard nut to crack for global crypto firms. IOST has proved its mettle by getting approval from FSA and Coincheck.