Tech titan and gaming legend Sony enters crypto market space.
Sony prepares to launch its regulated crypto exchange in Japan.
Japanese-native tokens like JASMY will likely gain more recognition after launch.
Japan takes the lead for explosive crypto activity in this crypto bull cycle. Local tech titan take the spotlight from Japan today as it announces its intent to launch a regulated crypto exchange in Japan.
Sony just announced the acquisition of Amber Japan through a subsidiary and is now set to launch its very own cryptocurrency exchange called S.BLOX. It will also create its own public blockchain network in partnership with Startale Labs.
Sony, a globally recognized company known for its electronic devices, PlayStation, and Spiderman movies is taking a deep dive into the web3 realm. This is an incredibly bullish move for the cryptocurrency realm.
Not to mention that Japan is a financial powerhouse and will likely bring more capital flowing into the crypto world. The founders of Gemini once said that this cycle’s bull rull will be triggered by the east. So far, Japans’ active participation in the crypto and blockchain spheres only adds weight to his prediction.
Sony is already known for its activity in the gaming industry and have earlier expressed interest in using NFTs in their PlayStation exclusives. Thus, this Amber Japan acquisition is a very organic move for Sony.
Going forward, local Japan-based crypto and blockchain projects will certainly gain more recognition across the world. Taking the spotlight here would be JasmyCoin (JASMY). Known as the Bitcoin of Japan, JASMY is steadily gaining more holders worldwide.
The project has already partnered with Apple through Japan’s My Number Card initiative and is already showing hints of other major partnerships. According to some sources, a Tesla and EU partnership is already in the works, perhaps a JASMY and Sony partnership could be next.
A JASMY analyst believes that JasmyCoin (JASMY) has already printed its bottom for this bull cycle. Adding to the bullish sentiment is the fact that the JASMY team expects the JASMY price to hit $17 by 2026. Will Sony’ exchange be the trigger for this bullish JASMY price prediction?
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The post JASMY’s $17 Bullish Spike Could Trigger Once Sony’s Crypto Exchange Launches in Japan appeared first on Crypto News Land.