Enjin coin became the first gaming cryptocurrency approved in Japan after clearing out the well-known tough country regulator’s requirements. The green light is possible through a partnership with Hashport.
ENJ Is Set to Be Listed in Coincheck on January 26
According to the announcement, enjin coin (ENJ) was granted legal status by the Japan Virtual Currency Exchange Association (JVCEA), the country’s official crypto watchdog.
The blockchain gaming platform said its token would be listed on Coincheck on January 26, 2021, allowing Japanese users to purchase it with Yen and trade with bitcoin (BTC). ENJ skyrocketed 71% after the news and is now exchanging hands at $0.4385, according to market data.
Maxim Blagov, Enjin’s CEO, pointed out that such a move allows the expansion of the blockchain gaming culture across the Japanese industry:
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