๐จ SHIB enters Japanโs โGreen Listโ!
Yet the ETF hasnโt been approved at allโdid the market misread it again?
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็นๅป่ฟๅ
ฅ็็็็ฒไธ็พคRecently, SHIB has shown a new development in Japan thatโs worth paying attention to. ๐ฅ
In the โGreen Listโ released by the Japan Virtual and Crypto Assets Exchange Association (JVCEA) on September 1, SHIB officially appeared, and there are now nine member companies that handle this asset. At the same time, SHIB has also entered crypto services related to Mercari via Coincheck.
Doesnโt it look like Japan is giving SHIB the green light?
But thereโs one crucial difference here:
โ ๏ธ Exchange access does not equal ETF approval!
At present, there is no reliable record showing that Japan has submitted or approved a SHIB ETF.
In other words, the claim circulating in the communityโโSHIB is on Japanโs green list, so the ETF is about to be approvedโโactually mixes two completely different things together.
So what does Japanโs latest change really mean? ๐
First, SHIBโs trading entry points have indeed expanded.
The JVCEA green list shows that SHIB is currently handled by nine member companies. For comparison, BTC has 29, ETH has 28, and XRP has 19. So while SHIB hasnโt reached the coverage level of mainstream assets, it has already gained clearer market access.
Whatโs even more noteworthy is Mercari.
Through Coincheck, Mercari-related services have added a range of crypto assets, including SHIB. Mercariโs total number of registered accounts has already exceeded 4 millionโabout 90% of surveyed users previously had no experience trading crypto. Of course, that doesnโt mean all 4 million will trade SHIB.
But for a meme coin thatโs driven mainly by retail traders, gaining a new entry point on a major consumer platform is, in itself, a signal worth watching. ๐
However, I believe whatโs truly important is this:
Japan is gradually bringing crypto assets into a clearer regulatory framework.
In July this year, Japanโs National Diet passed relevant amendments to financial laws, but passing a law and officially taking effect are two different thingsโand you canโt directly conclude that โa SHIB ETF has been approved.โ
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