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      Shiba Inu Gains Approval in Japan, Ending 11-Month Downtrend

      Shiba Inu (SHIB) has broken an 11-month downtrend following its inclusion in a select list of tokens approved by Laser Digital Japan, the digital asset division of Nomura Holdings. This approval places SHIB alongside major cryptocurrencies such as Bitcoin and Ethereum on one of the world's most regulated platforms. Laser Digital Japan received its exchange registration from Japan's Financial Services Agency (FSA) on August 21, 2026, marking the first new crypto exchange license issued by the FSA in four years.

      The platform will support only six tokens: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Shiba Inu. This limited roster reflects a strategic focus on liquidity services, with plans to expand into broader institutional trading options in the future. Shiba Inu's approval follows its previous recognition in Japan, where it joined the Japan Virtual and Crypto Assets Exchange Association's 'Green List' in November 2025, facilitating its presence on multiple licensed exchanges.

      In addition to its recent approval, Shiba Inu's market capitalization has stabilized between $3.22 billion and $3.26 billion, having reclaimed its 200-day moving average for the first time in 2026. Furthermore, potential tax adjustments for assets on the JVCEA Green List could enhance trading activity for SHIB in Japan, where current tax rates on crypto gains can reach up to 55%.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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