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Business trends

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)

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.

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