Japan’s Ministry of Finance has set up a new study group to examine whether settlement for government bond transactions could be moved onto blockchain infrastructure to enable real-time settlement. The group, called the "Blockchain Response Study Group," will compare the current trading and settlement framework with a blockchain-based instant settlement model.
Participants include researchers from the University of Tokyo and Waseda University, along with private-sector strategists. The Bank of Japan and the Financial Services Agency will also take part in the discussions. According to the announcement, the group plans to organize the main issues within this year.
Its first meeting is scheduled for Oct. 8. The session will focus on reviewing existing market practices and assessing the advantages and disadvantages of shifting to blockchain-based instant settlement. The item was cited by CoinPost and carried by Techub News.
Japan’s Ministry of Finance said it has formed a "Blockchain Response Study Group" to examine whether settlement for government bond transactions can be migrated to blockchain infrastructure for real-time settlement.
The group includes researchers from the University of Tokyo and Waseda University, as well as private-sector strategists. The Bank of Japan and the Financial Services Agency will also participate. The ministry plans to sort through the relevant issues within the year.
The first meeting is scheduled for Oct. 8. It will compare current trading practices and analyze the pros and cons of moving to blockchain-based instant settlement.
The report was cited from CoinPost and published by Techub News.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
