Enjin Coin (ENJ) has recently become the first legally authorised gaming cryptocurrency by the Japanese Virtual Currency Exchange Association (JVCEA). As soon as the firm has received this authorisation by JVCEA, its price has increased quite impressively. It is reported that after this announcement, the coin has seen an increase of 71%, in just 9 hours. Due to this surge, INJ has increased to $0.406356 which is a 3-year high for the coin.
Enjin Coin to be Listed on Coincheck Exchange
According to the official announcement by Enjin on January 19, 2020, it is revealed that Enjin Coin will get listed on the Coincheck exchange. The coin has become the first authorised gaming token for the users in Japan. From January 26, 2020, Enjin will be counted among the 15 digital currencies in the country. The ENJ coin is purchasable with Japanese Yen and it will be tradeable against Bitcoin.
Seihaku Yoshida, CEO of HashPort, has said that in 2019, Enjin coin has made huge and bold commitment to enter the Japanese market. This shows how determined the firm is to grow in this space despite the market condition. He stated:
“After more than a year of due diligence, the approval and listing of Enjin Coin on Coincheck is an important milestone for Enjin and adoption of its blockchain platform in Japan.”
Taking Advantage of Busiest Gaming Market
Maxim Blagov, the CEO of Enjin, has said that they are hoping to take the advantage of the most busy gaming market in the world. Japan always focuses on the technological innovation and Enjin coin will become the part of that innovation. The firm believes that the best blockchain games will come from Japanese gaming industry and Blagov hopes to help the Japanese gaming industry in developing such games.