Custody / KYC / AML regulations on crypto world

by LINE DevDay 2019

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2019 DevDay Custody / KYC / AML Regulations on Crypto World > Kosuke Nagai > LVC Corporation

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Intro: What is crypto currency regulation?

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Technology Regulation

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Case 1: Uber

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Case 2: Airbnb

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New Business New Regulation New Technology

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① Technology → Regulation

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② Regulation × Engineering = Innovation

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① Technology → Regulations ② Regulation × Engineering = Innovation

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Kosuke Nagai 2008 Creative Commons Japan 2010 Attorney at Law (Law Office) 2015 Legal Team (LINE) 2018 Crypto Asset Department Business Planning Team (LVC)

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Background of cryptocurrency regulation

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Blockchain

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Crypto Currency Blockchain

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Crypto Currency Blockchain Payment Services Act etc…

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Background of tightening regulations Hacking ICO Scam Money laundering

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Current status of regulations

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Current status of regulations Hacking ↓ Registration ICO Scam ↓ Restricted virtual currency Money laundering ↓ AML / KYC

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One more thing…

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Add to regulation: Wallet operators (2020 Amending Act)

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Business Impact Hacking ↓ Registration ICO Scam ↓ Restricted virtual currency Money laundering ↓ AML / KYC User withdrawal Virtual currency withdrawal Business withdrawal

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① Technology → Regulations ② Regulation × Engineering = Innovation

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① Technology → Regulations ② Regulation × Engineering = Innovation

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Our solution

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User key management AML/KYC solution Original token

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Our solution Hacking ↓ Registration ICO Scam ↓ Restricted virtual currency Money laundering ↓ AML / KYC User withdrawal Virtual currency withdrawal Business withdrawal User key management AML / KYC Solution Original token

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