As per the press release published this January 19th, Enjin Coin (ENJ) has successfully survived Japan’s stern regulatory practices set upon by the Japanese Virtual Currency Exchange (JVCEA) to become the inaugural gaming token to be approved for public utilization within the country. Immediately following this development, ENJ witnessed a surprising – but very welcome surge of over 71%, propelling its price to $0.41 from the $0.24 it had just mere hours prior.
The ENJ token is scheduled to be listed on the Japan Coincheck exchange this coming January 26th. Once officially listed, users may now purchase ENJ using Japanese Yen. Furthermore, among the 15 total digital currencies listed within Coincheck, which notably includes Ethereum (ETH) and Bitcoin (BTC), the Enjin coin is also slated to be the very first gaming crypto to join its ranks.
Enjin’s CEO, Maxim Blagov, stated that Japan had been the home of the most iconic and revolutionary video game titles in history, with some of them forever etched in the memories of gamers’ worldwide and global pop culture. He added that the nation’s views towards innovation co-align with Enjin, stating that it will be their honor to aid the Japanese gaming community in developing blockchain games that are sure to belong among the very bests in the world.