Messaging Behemoth Line Will Launch Link Token Trading in Japan in April

LVC Corporation, the crypto subsidiary of messaging behemoth Line, will launch trading of its proprietary cryptocurrency Link in Japan in April.

LVC’s press release from January 30 states, that LVC is also creating a system intended to facilitate the launch of Line’s Link token on Japan’s crypto exchange BitMax.

Line began trading of Link on its international crypto exchange BitBox in the middle of October 2018. Japan’s strict cryptocurrency regulations made LVC wait until it obtained a license from local financial authorities in September last year before launching BitMax crypto exchange in the country.

Official Link’s website states that Link provides a wide variety of services and decentralized applications (DApps) to the cryptocurrency holders.

Social messengers and cryptocurrencies

Line is not the pioneer in the crypto industry among social media. Other messaging service providers who tried to build crypto economy are Kik, Telegram, WhatsApp and social media giant Facebook.

Both Kik and Telegram are currently involved in tough legal wars with the United States Securities and Exchange Commission (SEC) over the alleged sale of unregistered securities to U.S. citizens. Recently Kik has requested the formal definition of a trial date for its lawsuit with the SEC. The SEC also recently fortified its case against Telegram, arguing that its Gram tokens are worth less than donuts, thus hinting that the currency does not have any intrinsic value.

Facebook’s Libra also clashed with authorities. However, even if it was doomed to perish, the mere idea of Facebook trying to implement a global alternative to traditional currencies has provoked a wider discussions about digital currencies worldwide.

As some reports have it, major world economists praise Facebook’s Libra for making the world change its viewpoint regarding the United States dollar as the pivot currency.