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© (c) Copyright Thomson Reuters 2018.Japanese messaging app operator Line to launch cryptocurrency
TOKYO©2024 GPlusMedia Inc.
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© (c) Copyright Thomson Reuters 2018.
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Kenji Fujimori
Line (Naver) is a Korean company, do not trust Line Pay, friends of mine were hacked recently
commanteer
The point being?
I haven't heard of any Line Pay hack. 99% of the time people are hacked, it's because they were sloppy about security. Don't download apps without checking them, don't use easy passwords, don't use the same password for all accounts, don't open email attachments from people you don't know, etc., etc.
How exactly was your friend's hack the fault of Line?
Phil Smy
What does this mean exactly? If I can buy the coin on an international exchange how is it restricted?
commanteer
It doesn't mean much. You can use the tokens on Line, much as you would use frequent flier points. If you wanted to convert them to JPY or USD, though, you would find it difficult (but not impossible). The restrictions are just there to protect Line from liability in case of an aggressive regulatory agency (like the SEC).
Kenji Fujimori
Security vulnerabilities...
Kenji Fujimori
Point being, financial data is shared to Korea also..
Strangerland
Ok, go on...