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LVC Corporation (LVC), LINE's subsidiary focused on the chat giant's crypto and blockchain-related businesses, announced in a press release that it plans to start trading its digital currency called “LINK” in Japan in April 2020.
LINK tokens are issued by LINE TECH PLUS PTE. LTD (“LTP”), LVC and LINE’s subsidiary. The token was launched on the BITBOX cryptocurrency exchange on Oct. 16, 2018, and has been made available to users worldwide except Japan and the United States.
LVC is preparing to roll out the coins in the Japanese market in accordance with the Japan Virtual Currency Exchange Association’s (JVCEA) official process. It is developing a system for the LINK’s Japan debut. The official release date has not been decided yet.
Back in September, LINE launched a new crypto trading platform called Bitmax in Japan with initial support for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETC), Litecoin (LTC), and Ripple’s XRP. In 2018, the company launched a Singapore-based cryptocurrency exchange, called BITBOX.
In October, Nomura also signed a final agreement with LINE and LVC Corporation for a financial business partnership focused on blockchain technology. “The three parties’ decision to enter into the Agreement is based on their collective intent to leverage LINE’s large user base and the LINE app’s secure and convenient UK/UX, and the Nomura Group’s wealth of financial business knowledge to collaborate in blockchain-based business opportunities,” the announcement said.
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