We have entered discussions with Flare Networks and 12 domestic exchange operators (including 1 observer company) on customer asset protection and maximizing the merits for customers. We have reached an agreement with Flare Networks under the following conditions.
If the Spark token is approved by the Japan Virtual and Crypto asset Exchange Association (JVCEA) and the Financial Services Agency by June 12, 2023, the corresponding domestic exchanges will grant Spark tokens to XRP holding customers.
*Japanese exchange operators must meet legal and self-regulatory regulations and follow the proper procedures in order to list a new currency.
*Each company will make progress reports on the listing of this currency on their websites.
*The precise timing of when each company lists the corresponding currency may vary due to differences in examinations and system support.
*Our support for the Spark token may change due to policy changes from Flare Networks or for other reasons.