The value of Bitcoin Cash (BCH) might be drifting away like the rest of the digital currencies in the crypto market, but the adoption of the digital currency remains firmly in check. Bitcoin Cash (BCH) – which is a hard fork of Bitcoin (BTC) – just sealed a deal with Japanese giant – Alliance Cargo Direct.
Alliance Cargo Direct is part of the ANA Group of Japan. Roger Ver just posted a video on the YouTube channel of Bitcoin.com that confirms the partnership. The video featured Corbin Fraser and Gabriel Cardano.
The CEO of Bitcoin.com and Bitcoin Cash proponent recently announced that he just concluded a meeting with Alliance Cargo Direct where they talked about furthering the roadmap of Bitcoin Cash. Nevertheless, Ver said that he can’t disclose the details of the partnership as a result of some “insider trading laws.”
Ver said: “We all agreed that we should announce all the stuff that we are doing with ANA Group today. The downside is they say we can’t. Because there is this thing called the insider trading laws.”
Ver also said that a lot of publicly traded firms are also on the queue to integrate BCH, and this might also be a reason for the insider trading hindrance that his stopping them from making further announcements about their partnership. The CEO of Bitcoin.com also said that Bitcoin Cash (BCH) is the only digital currency targeted this way, with no other digital currency encountering a similar situation.
In a statement, Ver said that: “It is not Bitcoin Cash (BCH) and a bunch of other digital currencies. It is Bitcoin Cash (BCH). Period.”
The BCH proponent is not really pleased with the concept of being forced not to disclose all the details in the announcement because of the insider trading laws of the country.
Japan’s Insider Trading Laws
Insider trading laws have been ramping in Japan since 2015. The Financial Services Agency of Japan and the Tokyo Stock Exchange (TSE) issued a corporate governance code that mandates publicly traded firms to appoint a minimum of two independent directors. In a space of two years, more than 90% of the firms listed on the Tokyo Stock Exchange had been adhering to the law.
Bitcoin Cash (BCH) Integrates with the Yukizaki Luxury Watch Store
In addition to the new deal confirmed by Roger Ver, Yukizaki Luxury Watch has also integrated Bitcoin Cash (BCH) into its payment system. The store now accepts Bitcoin Cash as a means of payment. The watch store already accepts Bitcoin (BTC) using BItflyer and the business is not looking to add another top digital currency to its list of acceptable coins.
Riding high on optimism, Ver added that Bitcoin Cash (BCH) can “turn all of the watch chain-stores” in the country from Bitcoin (BTC) to Bitcoin Cash (BCH). As adoption of the Bitcoin Cash (BCH) increases, the digital currency is severely bearish on the global market charts. The value of the coin has been really down, however, it is not the only one in this condition.
Bitcoin Cash (BCH) Price Today – BCH / USD
Bitcoin Cash (BCH) is currently worth $110 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $1.94 billion with a trading volume of $189.87 million over the past twenty-four hours.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.