Topic: [2018-01-31] Major Japanese Chat App LINE To Open Crypto Exchange (Read 136 times)
I'm not sure that such a system will encourage the spread of bitcoin. Already exists something like that. Bitcoin wallet XAPO allows you to exchange bitcoin among its users. Anyone noticed the proliferation of this method? I have high hopes for the system zip. It may indeed be the breakthrough.
February 01, 2018, 08:12:41 AM
This is gonna be huge. It can be bigger than even Coinbase itself. The line app currently has 200 million users. Here's the complete coverage for the titles.
https://coingape.com/japan-messaging-app-line-to-launch-its-cryptocurrency-exchange/
https://coingape.com/japan-messaging-app-line-to-launch-its-cryptocurrency-exchange/
January 31, 2018, 01:21:01 PM
Following last week's huge hack, Japan's Financial Services Agency has said Coincheck must report on the issues and its plan for improvements.
January 31, 2018, 10:12:36 AM
this will definitely be a good idea maybe if these companies get on the crypto biz it might make Facebook rethink on its decision to ban crypto ads
January 31, 2018, 09:59:30 AM
Still under review[1] but it would be a good news if will be approved. I remember Upbit, the crypto exchange launched by a firm affiliated with Kakao Corp. last year, it has a really high trading volume that made it ranked first in the world recently. Maybe LINE's exchange will have a high trading volume too if ever since it's also a known brand.
[1] https://linecorp.com/en/pr/news/en/2018/2024
[1] https://linecorp.com/en/pr/news/en/2018/2024
January 31, 2018, 09:21:03 AM
Major Japanese Chat App LINE To Open Crypto Exchange For Its 200 Mln Monthly Users
Major Japanese social messaging app LINE has announced today, Jan. 31, that it is launching its own crypto exchange and in-app trading space for its 200 million active monthly users.
According to LINE’s official statement today, their application to operate a new cryptocurrency exchange is currently sitting before Japanese regulators.
Japan began operating a licensing scheme for cryptocurrency exchanges in 2017. The government has seen approved over twenty exchanges joining what become a popular industry, involving several major corporations.
In its official statement LINE said it was establishing a new company, LINE Financial Corporation, to serve as a base to “provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance.”
The in-app cryptocurrency exchange will complement LINE’s existing in-app mobile payment service, LINE Pay, which to date has around 40 million registered users.
In addition, the platform aims to “promote research and development of technologies such as blockchain,” but did not specifically state how this would take shape.
Following Japanese crypto exchange Coincheck’s $530 mln heist last week, experts had warned that the image of cryptocurrency may be dented in the public eye for the medium term, something which fresh involvement of well-known brands like LINE could help alleviate.
Japan has sought to distance itself from the more restrictive stances on cryptocurrency usage taken by neighboring China and South Korea this year and last.
SOURCE LINK
Major Japanese social messaging app LINE has announced today, Jan. 31, that it is launching its own crypto exchange and in-app trading space for its 200 million active monthly users.
According to LINE’s official statement today, their application to operate a new cryptocurrency exchange is currently sitting before Japanese regulators.
Japan began operating a licensing scheme for cryptocurrency exchanges in 2017. The government has seen approved over twenty exchanges joining what become a popular industry, involving several major corporations.
In its official statement LINE said it was establishing a new company, LINE Financial Corporation, to serve as a base to “provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance.”
The in-app cryptocurrency exchange will complement LINE’s existing in-app mobile payment service, LINE Pay, which to date has around 40 million registered users.
In addition, the platform aims to “promote research and development of technologies such as blockchain,” but did not specifically state how this would take shape.
Following Japanese crypto exchange Coincheck’s $530 mln heist last week, experts had warned that the image of cryptocurrency may be dented in the public eye for the medium term, something which fresh involvement of well-known brands like LINE could help alleviate.
Japan has sought to distance itself from the more restrictive stances on cryptocurrency usage taken by neighboring China and South Korea this year and last.
SOURCE LINK
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