Tokyo, Japan, April 7th, 2023, Chainwire
Japan Virtual And Crypto Assets Exchange Association (JVCEA) Gives Go Ahead to Astar Network’s ASTR Token After Listing on Huobi Japan, Facilitating Crypto Adoption
Astar Network, a multichain smart contracts platform, has officially listed its native ASTR token on Huobi Japan, the third largest crypto exchange in Japan. This listing includes the token being added to the Japan Virtual And Crypto Assets Exchange Association (JVCEA)’s ‘Green List.’
The JVCEA is a consortium of 31 crypto exchanges that introduced the Green List in order to speed up the listing process on member exchanges and accelerate crypto adoption in Japan. Previously, the JVCEA member exchanges had a slow screening process to list any cryptocurrency. Now, assets on the Green List are not subject to this screening process as they have already been rigorously reviewed by three or more member exchanges.
Sota Watanabe, Founder of Astar Network, said, “Given that Astar has a significant presence in Japan and a lot of enterprises are entering Web3 with Astar, joining the Green List is a huge step not only for us but also for Japanese companies. It makes it much faster to list ASTR on other Japanese exchanges. We continue to work with regulators to utilize ASTR in Japan faster.”
In order to be added to the Green List, ASTR tokens had to meet the JVCEA’s four requirements: being handled by more than three member exchanges, one exchange per six months, no incidental conditions set by the JVCEA, and not regulated by the government. Now, ASTR can be bought using the Japanese Yen on Huobi Japan starting April 12th and transferred to any supported wallet.
Astar Network is the best blockchain for developers and businesses who are interested in exploring the Japanese Web3 space. It’s also the first public blockchain from the country to be listed on Huobi Japan despite Japan’s strict listing regulations. Astar’s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.
About Astar Network
Astar Network enables developers to build dApps with WASM smart contracts and EVM smart contracts and offers true interoperability for cross-consensus messaging and a Cross-Virtual Machine (XVM) that allows them to create dApps. Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.
One of the first parachains that arrived in the Polkadot ecosystem, Astar is supported by all major exchanges, tier 1 and tier 2 VCs and provides an array of products and services to accelerate growth on Polkadot and Kusama Networks. Astar SpaceLabs also offers an incubation hub for top TVL dApps.
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Contact
Maarten Henskens, [email protected]
