ZUG, Switzerland – November 22, 2021 – Bitcoin Association, the Switzerland-based global industry organization working to advance business with the blockchain and digital currency Bitcoin SV (BSV), today announces that it has been admitted to join the Japan Cryptoasset Business Association (JCBA) as an associate member as part of its continued efforts to support the growth of enterprise blockchain technologies in Japan and throughout Asia.
The JCBA serves as a platform for businesses working with digital assets to network, interface and collaborate on issues important to the growth of the digital asset and blockchain sectors in Japan. Its 112 members include leading banks, exchanges, technology providers, development companies, professional service providers, and industry associations with significant interests in the Japanese blockchain space. Since its establishment in 2016, the JCBA has played an increasingly important role in the growth of the emerging blockchain industry in Japan, including contributing to the development of positive public policy by working with the Agency of Financial Services and the Consumer Affairs Agency, in addition to increasing awareness of blockchain technologies and improving access to education in the space.
Sharing many of the same goals for the development of a regulatory and innovation-friendly blockchain ecosystem, Bitcoin Association joins the JCBA as an associate member to support the growth of national blockchain technology companies and applications using the BSV blockchain. The Bitcoin Association maintains a pair of ambassadors in Japan as part of its Global Ambassador Program, Masumi Hamahira – executive advisor for the Islamic Banking Window at MUFG Bank and Ken Shishido of Tokyo Bitcoin Ventures – who both work to support and nurture the growing community of BSV businesses, developers and enthusiasts in Japan. To learn more about the BSV blockchain and the range of companies using its network, visit bsvblockchain.org.
Commenting on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen said:
“Bitcoin Association is delighted to be accepted as an associate member of the Japan Cryptoasset Business Association, a leading and influential organization in the Japanese blockchain industry. By working with the JCBA, we look forward to raising awareness in Japan the capabilities of enterprise blockchain technology and digital assets with real utility and to demonstrate how the BSV blockchain is making these possibilities a reality for businesses around the world today. I would like to thank the JCBA for hosting the Bitcoin Association and to salute the efforts of Masumi Hamahira, one of our Bitcoin Association Ambassadors, for bringing our two associations together.
Also speaking, Bitcoin Association Japan Ambassador Masumi Hamahira said:
“It is a great honor for the Bitcoin Association to be approved by the Board of the Japan Cryptoasset Business Association for Associate Membership. The JCBA is recognized for its positive and proactive work with regulators in Japan, including the Financial Services Agency and the Consumer Affairs Agency – two important relationships in the first country to regulate the crypto-asset industry. I see great potential for the BSV blockchain in Japan and am excited to work with the JCBA and the bitcoin association to pursue our common goals of an innovative and regulatory-compliant blockchain ecosystem.
Also commenting, the managing director of the Japan Cryptoasset Business Association, Seiji Yuki, said:
“At JCBA, we work collectively with our members for the healthy development and expansion of the crypto-asset industry and related businesses. I expect the activities of Bitcoin Association for BSV, working together under our own association, to contribute to the development of the crypto-asset industry and look forward to working alongside them.
About the Bitcoin Association
Bitcoin Association is the Switzerland-based global industry organization working to advance business on the Bitcoin SV blockchain. It brings together essential components of the Bitcoin SV ecosystem – companies, start-ups, developers, traders, exchanges, service providers, blockchain transaction processors (miners) and others – working alongside them, as well as in a representative capacity, to foster the use of the Bitcoin SV blockchain and the adoption of the BSV digital currency.
The Association strives to create a regulatory-compliant ecosystem that promotes lawful conduct while facilitating innovation using all aspects of Bitcoin technology. More than a digital currency and a blockchain, Bitcoin is also a network protocol; like the Internet Protocol, it is the fundamental set of rules for an entire data network. The Association supports the use of the original Bitcoin protocol to operate the globally unique blockchain on Bitcoin SV.
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