IOST Token Listed on GREEN LIST by the Japanese Crypto Association
We are excited to share that the IOST token has been listed on the “GREEN LIST” provided by JVCEA, the Japan Virtual and Crypto Assets Exchange Association. IOST is also one of the only 18 coins that make it to this Green List, out of 48 coins by JVCEA.
This milestone is a reflection of IOST’s effective business expansion strategy in one of the most highly regulated countries, Japan, and well-deserved recognition of IOST’s contributions to training developers and educating universities students in Japan since 2018, as well as the approval of listing on Coincheck in September 2020, OKCoin Japan in September 2021, and Bitpoint Japan in May 2022.
JVCEA has 40 member companies with exchange licenses in Japan, and its activities are aimed at ensuring the appropriate and smooth implementation of crypto-asset exchange business and crypto-asset related derivatives business conducted by its members, and contributing to their sound development, protection of users, and protection of investors. The purpose of JVCEA is to ensure the appropriate and smooth implementation of the crypto-asset exchange business and crypto asset-related derivatives business conducted by its members.
Being on the JVCEA’s Green List will unlock future opportunities and strengthen IOST’s compliance status in Japan
Only 18 coins are on the GREEN LIST out of 48 Approved Coins (as of May 2022)
The Green List is a list of cryptographic assets that are widely handled in Japan and that meet all of the following four criteria in light of the status of cryptographic asset handling by domestic members:
- Crypto assets which are handled by three or more member exchanges
- Crypto assets that have been handled by one exchange for at least six months
- Crypto assets for which the association has not set any additional conditions for handling
- Crypto assets for which no other reasons have arisen that make it inappropriate for the association to include them in this list
See the full list at https://jvcea.or.jp/about/document/#green
