Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders

Japanese social messaging app LINE will launch a cryptocurrency exchange for 30 coins next month, it revealed Thursday, June 28.

In a press release, the company, which counts around 200 million monthly users, confirmed it would offer crypto-to-crypto trading platform BITBOX “globally” excluding the U.S. and Japan.

“With the need to trade cryptocurrencies rising around the world, LINE has been preparing to provide opportunities for users to do so securely, and as the secure system is in place now, the company will be offering the service,” the release states.

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…

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