OMG Network token OMG is approved by Japan Financial Services Agency FSA

The Ethereum expansion project OMG Network (formerly OmiseGO) token OMG was approved by the Japanese Financial Services Agency (FSA) to become a regulated and compliant cryptocurrency in Japan. There are currently 26 approved currencies in Japan, and the criteria for encrypted assets mean that they can be listed on all compliant exchanges in Japan. Lianwen previously reported that SYNQA, the parent company of Omise and OMG Network, announced in June this year that it had received US$80 million in Series C financing led by SCB 10X and SPARX Group. Participants include Toyota Financial Services (TFS) and Sumitomo Mitsui Banking Corporation ( SMBC), SMBC Venture Capital Company (SMBCVC), Aiheyi Risheng Tonghe Property Insurance (ADI), etc.