Bitcoin Forum

LINE, provider of Japan’s most popular messaging app, has just been approved for a cryptocurrency business license in the country.
CoinDesk Japan also reports that impending legislative changes will soon have an impact on Japan’s crypto exchanges.

There are so many applications really coming from Japan and I see how Japan is fast growing in the blockchain Technology, which is why they are always ahead of us in technology and one thing that I respect japan for is that they reckon more with quality things and we should expect quality Blockchain projects from them.

I know that this Line application will really be a successful project being that they are the largest in japan and they will easily attract more users to their application in the process of marketing crypto, and more people in japan and even in other countries will also be exposed to it because I know that their messaging application will not only be limited to Japan alone, but would sure caught across some other countries also.

It is really encouraging to see that more and more top of the line global companies are lining up and entering crypto in their own ways this just confirms the mass adoption that is happening slowly but surely secondly technologically advanced countries like Japan are also encouraging and supporting blockchain tech which is a wise move and all positive countries will follow them resulting in much better environment for all these blockchain startups to flourish.

I'm very curious about Japan and their culture in general and I always watch some videos and follow some youtubers living there, and I know this company, Line is like an WhatsApp, and they are very strong there, people in Japan uses a lot and they are passionate about technology
I'm not surprised to see big companies of tech, using cryptos
But an interesting fact is: Japan uses a lot of money in cash, even with technology, they prefer cash than credit cards

Well, this is good news yet expected response of Japan to any crypto-related business as long as they will provide certain requirements.
Source:
Japan Grants Crypto Exchange License to Messaging Giant LINE (https://cointelegraph.com/news/japan-grants-crypto-exchange-license-to-messaging-giant-line)
Messaging Giant LINE Wins Japan License for Crypto Exchange Business (https://www.coindesk.com/messaging-giant-line-wins-japan-license-for-crypto-exchange-business)

This is a big news for the crypto space that means users on their platform can get into crypto with ease and new money flowing into the space but I think the exchange space is getting more competitive, more of these small exchanges will be squeeze out and more big exchanges will lose their users to this new giant coming up

LINE is entering the market, which means ... Telegram is supposed to enter for more than a year... I'm sure LINE will enter faster.

No suprise here as Japan is really on the forefront of crypto. And it is really good though, the market needs new player specially coming from the Japanese market to let crypto continue and thrive. I'm sure before the Japanese regulators have given them the go signal, they have to fulfill certain criteria specially the security model of their exchanges. As far as the impending legislative changes, I'm sure it will reflect what they have discussed last G20 summit in Japan last June of this year. Specially FATF (Financial Action Task Force) actions on money laundering.