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  • The New Context Conference this year had a Reg Tech theme.

  • It discussed competition versus regulation.

  • Let's return to a focal point of regulation.

  • What motivated you to think Japan has to be pinpoint for regulational context?

  • I think there are two points.

  • We have the topic of the EU GDPR for platforms.

  • A lot of people have in fact been hurt by blockchains.

  • We must consider protecting novices and investors.

  • Each country is looking for balance.

  • Reg Tech is the other interesting one.

  • Not much could be done on the Internet in its infancy.

  • Wired was like that too.

  • The business model was the Internet.

  • Marketing agencies were selling the Internet.

  • Magazines were sold next.

  • Bitcoin and blockchains are today's commodities.

  • The big concern is regulation.

  • Countries want to gain the technical understanding.

  • I think we will see rapid development in technologies for such regulation.

  • GAFA may become a layer above these technologies as platforms.

  • Some countries may offer cross-national services to handle this as platforms.

  • What role do you think nations will take?

  • Nations have the police or military.

  • Both have authority for physical force.

  • Nations also have land and taxes.

  • So, anything in the real world is done through the nation as the landlord.

  • The nation may have a monopoly on physical force.

  • The Internet has the potential for a different type of power.

  • Quite large companies in modern times are able to sway national interests.

  • They can lobby and create laws.

  • Nations are already in a struggle with various other entities over power.

  • Will a major entity with force able to regulate form outside of a nation?

  • There are philosophical entities active out there like the United Nations.

  • However, the member nations have power not the United Nations.

  • Members debate their interests with only few advocating for all.

  • Terrorists are the closest entity, but not nearly as organized as a nation.

  • ISIS will not see that power.

  • A movement could generate power beyond a nation.

  • The US #MeToo for instance.

  • A more organized version is Time's Up.

  • These movements can spread worldwide and organize.

  • These structures could innovate and overturn the male society globally.

  • Millennials give you hope.

  • Yes. Their generation is strong.

  • The communication is excellent and we see many types of movements recently.

The New Context Conference this year had a Reg Tech theme.

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