3 Japanese Blockchain Startups Head to the US in Government Program
Japan’s government is sending three blockchain startups to the US as part of a technology innovation program. The Japanese Ministry of Economy, Trade and Industry (METI) said earlier this month that employees from 55 startups would take part in the initiative. The “Project for a Bridge of Innovation between Silicon Valley and Japan” was first announced in mid-2015 as part of a bid to boost cooperation between Japanese and US tech firms. Reps from Keychain GK will spend time in Silicon Valley while those from Quoine and Soramitsu will visit New York as part of the program. The program lasts....
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In the race to adopt Blockchain technology and cut costs, financial firms have to deal with multiple challenges. Japanese financial firms have been hit by the most basic of them of all – a shortage of technical experts. Japan – regulation a positive. The Japanese government has been active in regulating cryptocurrency-based companies. A new law has been passed regulating Bitcoin exchanges, after the Mt Gox debacle. The Japanese Government passed a bill in May 2016, which recognized that virtual currencies have a function similar to money. Japan has also eased regulations, now allowing....
Nordea, a financial services group in the Nordic and Baltic region, continues its hunt for AI and blockchain breakthroughs. Later this year it is launching its Fintech accelerator in Stockholm and Helsinki. 200 startups applied to join the 3-month program that will be led by Nordea and its partners, including IBM, Tata Consultancy Services and Nestholma Venture Accelerator. Nordea’s accelerator program goal. The main goal of Nordea’s accelerator program is to hunt for developments in both Artificial Intelligence and Blockchain technologies. Presently, only 35 startups have made it through....
The UK payment gateway company, Bitwage has won the French Tech Ticket competition and qualifies to join one of France’s top incubators. La French Tech. Described as the French Program For International Startups, the French Tech Ticket is a program designed for entrepreneurs from all over the world who want to create their startups in France. The main organizing group for this program is ‘la french tech’, which is a part of the French government that helps to develop French technology by either helping French entrepreneurs internationalize or choosing specific high growth potential....
The Japanese government is reportedly plotting a pro-innovation sandbox that will encourage FinTech startups to enter the banking industry through regulator-free trials. According to a report by prominent Japanese publication Nikkei, the government looking to update its often-criticized FinTech regulations to make it easier for new innovative services to take shape in the country. According to the report, a pro-innovation government panel discussed a suggested proposal for a regulatory sandbox on Friday. The new framework will encourage corporations and startups alike to trial new services....
Switzerland’s government is considering new regulations in light of fintech advancements such as blockchain, with the aim of creating a more welcoming atmosphere for startups working in the space. The Swiss Federal Council – a seven-member group that serves as the country’s collective head of government – said today that it is seeking consultations on regulatory changes for the domestic financial industry to account for fintech. Specifically, the government is proposing that firms that accept less than 1m Swiss francs in deposits (just over $1m USD) be classified differently than other....