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Japan to establish fintech testing 'hub'

Effort to bring together startups, banks for readying new services for launch

TOKYO -- Japan will provide a framework for financial technology startups to test new services, helping identify legal complications and risks standing in the way of industry's growth.

The Financial Services Agency's fintech testing "hub" -- a precursor to a "regulatory sandbox" that the government is planning as a laboratory for deregulation -- could be in place as soon as this summer.

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