By June, residents of Japan will be able to start buying and selling Bitcoin Satoshi’s Vision (BSV) for the first time 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 the most popular cryptocurrency exchanges in Japan and part of the Huobi Group, a leading global digital asset financial services provider.
The BSV Blockchain Association revealed BSV’s listing on Huobi on Friday in a press release.
Following its listing, BSV will become the 15th cryptocurrency listed on Huobi Japan.
“BSV adheres to a short, highly selective list of cryptocurrencies available in Huobi and across the country, as the Japan Financial Services Agency (FSA) is a strictly controlled regulator of blockchain tokens,” the association said in the statement.
Patrick Prinz, Managing Director (MD) of the BSV Blockchain Association, noted that Huobi’s list points in the direction that Japan will 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, United Arab Emirates.
“We have worked continuously with businesses and officials around the world, including Japan, to educate and inform how transformative BSV can be,” the MD added.
The Road to List
According to an association, BSV’s listing on Huobi Japan has taken a long journey.
The group said that the Financial Services Agency (FSA), the regulator of Japan’s financial market, began controlling the digital asset in March 2021.
The control process included intensive risk analysis and sponsorship requirements of a regulated exchange, it further said.
The association explained, “To understand how strict the country’s valuation system is, one has to look no further than Huobi Global, which lists more than 400 cryptocurrencies available worldwide for buying, selling or trading.
“Alternatively, Huobi’s Japanese platform lists only 14, and BSV becomes only the 15th cryptocurrency listed.”
The association believes that FSA approval will leave room for other Japan-based exchanges to also offer BSV on their platforms.
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 will be able to start buying and selling Bitcoin Satoshi’s Vision (BSV) for the first time 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 the most popular cryptocurrency exchanges in Japan and part of the Huobi Group, a leading global digital asset financial services provider.
The BSV Blockchain Association revealed BSV’s listing on Huobi on Friday in a press release.
Following its listing, BSV will become the 15th cryptocurrency listed on Huobi Japan.
“BSV adheres to a short, highly selective list of cryptocurrencies available in Huobi and across the country, as the Japan Financial Services Agency (FSA) is a strictly controlled regulator of blockchain tokens,” the association said in the statement.
Patrick Prinz, Managing Director (MD) of the BSV Blockchain Association, noted that Huobi’s list points in the direction that Japan will 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, United Arab Emirates.
“We have worked continuously with businesses and officials around the world, including Japan, to educate and inform how transformative BSV can be,” the MD added.
The Road to List
According to an association, BSV’s listing on Huobi Japan has taken a long journey.
The group said that the Financial Services Agency (FSA), the regulator of Japan’s financial market, began controlling the digital asset in March 2021.
The control process included intensive risk analysis and sponsorship requirements of a regulated exchange, it further said.
The association explained, “To understand how strict the country’s valuation system is, one has to look no further than Huobi Global, which lists more than 400 cryptocurrencies available worldwide for buying, selling or trading.
“Alternatively, Huobi’s Japanese platform lists only 14, and BSV becomes only the 15th cryptocurrency listed.”
The association believes that FSA approval will leave room for other Japan-based exchanges to also offer BSV on their platforms.
Meanwhile, Huobi recently launched a $ 100 million Lunar New Year campaign to encourage its users to explore the possibilities available in the Metaverse.
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