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Crypto Trading BitMax .. New exchange sponsored by Line

2019-06-20 11:41 am | Resource: News Section | No Views : 280

Crypto Trading BitMax .. New exchange sponsored by Line LVC Corporation, the digital arm focusing on crypto trading and blockchian technology, for the Japanese giant Line, claims to be close to obtaining a license to operate an exchange exchange from Japan's financial regulator, local press confirmed on Thursday (June 20th).
According to the report, the Japanese Financial Services Agency (FSA) could issue a license to the company earlier this month.
The trading platform, called BitMax, will enable 80 million users in Japan to buy and sell many of the major encrypted currencies, as well as the original Link code on Line.
According to a recent press release, the number of Line users, 187 million users per month, with the registration of about 50 million users to pay by mobile phone.
It is reported that the BitMax crypto trading platform will use the same background infrastructure as BitBox, which is user-centric, launched by Line in July 2018.
Access to BitBox is still far from Japanese users Due to the requirements of the country's licensing license, the license was mandatory for all crypto trading operations operating within Japan since the country's payment service law was amended again in April 2017. Since then, the FSA has continued to increase requirements Applicants.
A report by the English-language local newspaper The Japan Times today reported the accelerated context of "Line" in encrypted currencey and blockchian technology against the background of slow user growth that has seemingly pushed the company's stock to its lowest level since its listing in 2016.
At the same time, the company is waiting for a banking license to allow e-currency integration with its other services, including e-commerce, as noted by Japan times, but is likely to be issued only in 2020.
Earlier this month, Line held a partnership with Visa America for payment services on new blockchian solutions and digital payments. It is clear that Line not only targets crypto trading through a platform, but is targeting the market as a whole.
The social networking giant Facebook unveiled this week the white paper on its Libra digital currency project, which will be used in the future by 2.7 billion users worldwide.

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