[2016-03-28] ToI: Japan looks to kickstart 'fintech' revolution

[polynesia]

Japan looks to kickstart 'fintech' revolution

http://timesofindia.indiatimes.com/tech/tech-news/Japan-looks-to-kickstart-fintech-revolution/articleshow/51583588.cms

The new rules the FSA is promoting on virtual currency exchanges could make Japan one of the first countries to regulate Bitcoin at a national level.

"Japan hasn't previously been enthusiastic about fintech," said Sato. "But creating these rules this fast could gain the world's attention."

Bitcoin entrepreneurs, often reliant on investment for growth, have called for clearer regulation and will welcome the latest changes, said Yuzo Kano, founder and CEO of Bitcoin exchange bitFlyer, and head of the Japan Authority for Digital Assets, a lobbying group.

"The establishment of the law is extremely surprising," Kano said, referring to how quickly the FSA had drafted the law. "It's set to be very successful."

[polynesia]

Coverage in other media publications.

http://www.business-standard.com/article/reuters/japan-looks-to-kickstart-fintech-revolution-116032700066_1.html