The operator of the largest in Japan messenger LINE received a license from the Financial Services Agency (FSA) to manage the cryptocurrency exchange.
The regulator of Japan granted the blockchain division of LINE Corporation LVC a license that will allow the company to offer cryptocurrency trading services to more than 80 million users.
This summer, for the first time, it became known that LINE is awaiting a license for its BitMax platform. The platform will become the second cryptocurrency exchange managed by LINE – in July 2018, the company launched the Bitbox exchange in Singapore.
According to the FSA announcement, BitMax received a license to trade five cryptocurrencies: BTC, ETH, BCH, LTC and XRP. The site has become one of twenty licensed cryptocurrency exchanges in the country.
Recall that recently the e-commerce giant Rakuten officially launched its cryptocurrency exchange Rakuten Wallet, and at the beginning of the year, the Coincheck exchange received a FSA license.
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