Line-Owned Bitcoin Exchange BitMax Set for Regulatory Approval from FSA in Japan

Japanese messaging giant, Line Corp, will reportedly soon get the green light from the Financial Services Agency (FSA) to launch BitMax – its bitcoin exchange platform.

Line is one of many social media companies including Facebook and Telegram, that is exploring different ventures in the cryptocurrency and blockchain technology space. Japan’s largest messaging platform is also looking to obtain a banking license allowing it to integrate cryptocurrency payments into its catalog of service platforms.

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