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Japan-Update

Chat app Line to offer cryptocurrency trading

New subsidiary poised to run platform and other financial services

Line's existing smartphone payment service will be linked to the digital currency platform.   © Reuters

TOKYO -- Mobile messaging app operator Line on Wednesday said it has established a financial subsidiary to run a cryptocurrency trading platform, along with other services.

The platform will let users buy and sell virtual currencies like bitcoin through the chat app, which is popular in Japan. Line's existing smartphone payment service will be linked to the platform.

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