Licensing Hindrances Ban US and Japan Clients From Using LINE’s New Coin

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Yuri Molchan
Messaging app LINE intended to produce its own virtual currency in September. However, now it has become clear that the coin LINK will not be distributed through an ICO
Licensing Hindrances Ban US and Japan Clients From Using LINE’s New Coin
Cover image via U.Today

The popular Japanese messaging app LINE intended to produce its own virtual currency in September. However, now it has become clear that the coin LINK will not be distributed through an ICO. Besides, customers from the US and Japan will not have access to the new coin because of licensing issues.

The LINK coin will be paid to customers as a bonus for using special options of the LINE app. The coin will later be added to the company’s exchange BitBox, so users can trade it.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.