LVC Corporation – the subsidiary arm handling crypto businesses of messaging heavyweight Line – will reportedly offer trading facilitation for its crypto coin, Link, in the Japanese market.
Revealed on January 30th, LVC is also investing resources in coming up with a system, which supports the introduction of Link in Japan, on the crypto exchange platform in the region – Bitmax.
Line has started support trading activities for Link on its global Bitbox crypto exchange platform, around October 2 years ago. Because of increased restrictions regarding crypto regulations in the region, LVC had to secure an operating license from financial regulators in Japan, around September last year, prior to the official launch of Bitmax crypto exchange platform.
Link will reportedly enable its clients to gain access to a vast number of services and decentralized applications (DApps).
Apart from Line, numerous other big names in the social network sector are also considering plans to come up with their own crypto economy, including Kik, Telegram, Whatsapp and major social media company Facebook.
Kik and Telegram are caught in the middle of a legal fight with the US SEC, regarding the alleged sales figure of unregistered securities to US-based buyers, while Facebook’s stablecoin project – Libra – is suffering from serious regulatory heat from authorities, though the concept of Facebook to release a world-level digital solution to replace the traditional currencies, has sparked discussions, regarding crypto coins, across the globe.