Astar Network’s Native Token Astar (ASTR) Registered on JVCEA’s Green List after Huobi Japan Listing

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Astar Network’s Native Token Astar (ASTR) Registered on JVCEA’s Green List after Huobi Japan Listing


Astar Network’s Native Token Astar (ASTR) Registered on JVCEA’s Green List after Huobi Japan Listing

Key Takeaways

  • ASTR Token registered JVCEA’s ‘Green List’ after Listing on Huobi Japan.
  • The “Green List” was created by the JVCEA, a coalition of 31 different exchanges, to speed the listing process on Japanese exchanges and boost cryptocurrency acceptance in Japan.
  • On April 12, the ASTR token will be available for trading on Huobi Japan.

Multi-chain smart contracts platform Astar Network has announced that its ecosystem token, ASTR, is listed on Huobi Japan. The Japan Virtual and Crypto Assets Exchange Association (JVCEA) registered the on its “green list” following the listing. Huobi is the 3rd Exchange to list ASTR on Japanese exchanges, after Bitbank and GMO Coin.

JVCEA is a group of 31 different exchanges that introduced the “Green List” to speed up listing on Japanese exchanges and increase Japan’s cryptocurrency adoption. Green-listed assets are excluded from the screening process as 3 or more exchanges have thoroughly reviewed them.

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Founder of Astar Network, Sota Watanabe stated: “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.”

There are many requirements for inclusion on the Green List and ASTR has met these requirements.

  • Handled by 3 or more-member exchanges.
  • Handled by at least one exchange for over 6 months.
  • Cryptocurrency assets for which the JVCEA hasn’t imposed any special management requirements.
  • Other crypto assets for which there is no reason why the Association believes it improper to be included in the green list.

From April 12, Huobi Japan users will be able to trade ASTR for Japanese Yen. Astar Network managed to become the first public blockchain to be listed in the country, despite Japan’s strict cryptocurrency regulation and tough listing requirements. ASTR token is registered as a cryptocurrency by the Japanese government.

About Astar Network

Using cross-consensus messaging (XCM) and a cross-virtual machine, Astar Network provides developers with genuine compatibility while enabling the development of dApps with EVM and WASM smart contracts (XVM). With Astar’s innovative Build2Earn concept, developers may be compensated for their code and the dApps they create through a dApp staking mechanism.

One of the first parachains of the Polkadot ecosystem, Astar is backed by famous exchanges and tier-1 Ventures. It offers the convenience of Ethereum and WASM tools for all developers. Top TVL dApps can access an incubator hub from Astar SpaceLabs to help their growth on the Polkadot and Kusama Networks.



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