Fintech leaders call for regulations to foster a cashless society

'Fourth approach' touted to escape Google-Apple-Facebook-Amazon oligopoly

Charles Hoskinson, left, CEO of IOHK Hong Kong; Yosuke Tsuji, representative director and CEO of Money Forward; Yoshiki Yasui, founder and CEO of Origami; and Takashi Okita, CEO of SBI Ripple Asia, talk about how smartphones, QR codes and blockchains spell doom for cash. (Photo by Karina Nooka)

AKANE OKUTSU, Nikkei Staff Writer

June 11, 2019 22:45 JST

TOKYO -- Fintech leaders on Tuesday called on governments to facilitate cashless societies.

A necessary step toward a cashless society is having an open conversation about the future of money, including how to comply with different laws and regulatory changes in different countries, said Charles Hoskinson, founder of a blockchain development startup Input Output Hong Kong, or IOHK.