LINE’s LVC becomes registered cryptocurrency exchange

LINE's LVC becomes registered cryptocurrency exchange

LVC Corporation, a group company of LINE Corporation (LINE) and operator of LINE’s cryptocurrency and blockchain-related businesses, has become a registered cryptocurrency exchanger under Japan’s Payment Services Act, as of September 6th, 2019.

LVC has been persevering to produce a sound business plan and activity, streamline the service’s security and system operation, and build a robust team to operate a secure service in accordance with the Financial Services Agency’s (FSA) guidance on the screening process and other necessary steps for the registration of new cryptocurrency exchanges.

Meanwhile, LINE TECH PLUS PTE. LTD. (LINE’s group company) has been operating the BITBOX cryptocurrency exchange since July 2018 in all countries except Japan and the United States as part of LINE’s efforts to develop and deliver a wide variety of financial services to make money more accessible to people around the world.

As a result, LVC has been listed in FSA’s official registry of virtual currency exchange service providers. LVC is now ready to begin preparing for the launch of its cryptocurrency exchange. Details of the service and schedule will be announced soon.

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