Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28.
As Cointelegraph reported in January, LINE had been in talks with Japanese regulators over launching an exchange.
The decision to exclude Japan from BITBOX, which will not handle fiat currency, now appears tied to regulatory difficulties.
“LINE will engage in the cryptocurrency business in compliance with rules and regulations of respective countries on cryptocurrency trading,” it added.
Other major names have meanwhile committed to Japan’s domestic exchange market, these including SBI Group and, from 2019, Yahoo!

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