Copy link
Increase text size
Decrease text size
Link copied

LINE’s LVC Corporation receives license to operate cryptocurrency exchange in Japan

Fri, 06 Sep 2019, 10:17 am UTC

Chat giant LINE has announced that its LVC Corporation, its subsidiary focused on its virtual currency and blockchain related business, has obtained a license to operate a cryptocurrency exchange in Japan.

LINE established LVC Corporation in January 2018. In an announcement dated September 06, LINE said that LVC has completed the registration with the Kanto Local Finance Bureau for operating a crypto trading platform.

“Today, the [Financial Services Agency] FSA's list of cryptocurrency exchange registrations was announced, and LVC was officially registered as a cryptocurrency exchange trader. As a result, we will proceed with preparations for the provision of a virtual currency trading service that can be used with the highest priority on safety and security for the domestic market,” it said (via online translation).

In July 2018, Line launched its first cryptocurrency exchange, BITBOX, which is based in Singapore. BITBOX, however, is not available in the United States and Japan.

With the recently acquired license, the company is now cleared to launch a cryptocurrency exchange in Japan. Previous reports suggested that LINE would launch exchange operations in the country under the name “BitMax.”

Last year, LINE also announced LINK token and its first blockchain network, LINK Chain. BITBOX is the first exchange to list LINK and is also the token’s sole distributor.

Earlier in January this year, Japanese financial holding company Nomura signed a memorandum of understanding (MOU) with LINE and LVC Corporation to discuss establishing a blockchain-based financial business alliance. More recently, LINE Pay partnered with payments behemoth Visa to create new financial services experiences for their collective user base.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,603.80 (-2.37%)
  • Ethereum (ETH) $221.25 (-2.82%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $309.62 (-4.54%)
  • Bitcoin SV (BSV) $217.52 (-4.22%)
  • Bitcoin (BTC) $8,603.80 (-2.37%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.