Lite to apply for a crypto license in Japan

Japan’s largest messaging application Line is reportedly days away from receiving a Japanese crypto license from the local financial regulator Financial Services Agency for opening a cryptocurrency exchange. According to reports from several company insiders and app users from Japan, the regulator is considering to grant the license this month, which would allow Line to launch the exchange in just a few weeks time. Line’s new crypto exchange, named BitMax will be exclusive to its users, totalling around 80 million in Japan. The users will have the option to buy and sell cryptocurrencies such as Bitcoin and the local Link