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442

Japan to strengthen crypto AML, KYC laws and look hard at exchanges

via CoinGeek

Exchanges that are a little too lax on their anti-money laundering (AML) and know your customer (KYC) protections will need to start paying more attention. Japan, one of the world’s leaders in cryptocurrency regulation since the fall of Mt. Gox, looks to focus on these areas even more this year in an effort to grow up the industry.

Japanese outlet Nikkei reports the country’s Financial Services Agency (FSA) is “taking a hard look at cryptocurrency exchanges.” This comes as a G20 meeting will visit the country on June 28 and 29, and the FSA is expected to undergo an inspection by the global body’ Financial Action Task Force (FATF) to see how its performing. (more…)

Banks, InspirAsia, Japan, Security

May 23, 2019

Arival meets Revolut at Japan’s largest fintech summit

On September 26, Jeremy Berger presented Arival Bank at Fin/Sum2018, held in Tokyo. Arival was selected as one of the top 30 startups to pitch in front of executives from 500 Startups, SBI, MUFG, and other leading investment & financial institutions.

(more…)

Banks, SME

October 2, 2018

1609

Rakuten Ventures injects extra $100m into global startup fund

By Steven Millward for techinAsia

Rakuten Ventures, the investment arm of the Japan-based ecommerce titan, today announced it’s doubling its Global Investment Fund to US$200 million. (more…)

Deals, Global trends, InspirAsia

April 12, 2016

1601

Japan Looks to Kickstart ‘Fintech’ Revolution

By Reuters

Strict regulation has been choking out financial innovation in the world’s third-biggest economy. (more…)

Fintech news, Global trends, Government activities, InspirAsia

March 28, 2016

1688

Japan considers making bitcoin a legal currency

By Richard Smart for Guardian,

Proposed changes would bring bitcoin, dogecoin and other cryptocurrencies under definition of currency (more…)

Blockchain, Fintech news, Government activities

February 25, 2016

1848

War of Messengers

TECHINASIA: E-Marketer predicts that by 2018 there will be 200 million new smartphone users in emerging Asia. To put that into context, that’s more users than there are currently in the whole of U.S. The opportunity is huge for the developers of these apps, but also for brands to tap into their potential to participate in peer to peer conversation in an engaging and meaningful way. (more…)

Fintech news, InspirAsia, news

July 13, 2015

2011

The Fast Rise of Nikesh Arora at SoftBank

FORTUNE: Former Google executive Nikesh Arora joined SoftBank last year to oversee the Japanese company’s investment strategy, a task overseen so far by the legendary SoftBank founder, Masayoshi Son. Before joining SoftBank, Arora had been the top business executive at Google, having risen in the search giant’s ranks after running its highly profitable European business. He started his career as an investment analyst and also worked at Deutsche Telecom, making him a fit in all sorts of ways for SoftBank, a communications and Internet company. (more…)

InspirAsia, Japan

May 13, 2015

1747

A glimpse inside LINE’s adorable Bangkok office and the global effect of its messenger culture

The Next Web: Japan-based messenger app LINE is one of the biggest apps in Asia, but many in the western markets may not know it as well in light of other heavyweights like Facebook MessengerWhatsAppGoogle Hangouts and Skype.

(more…)

InspirAsia, Japan

May 8, 2015