Japan’s Ministry of Finance has started formal discussions on how government bonds could move onto blockchain infrastructure. On Oct. 8, the ministry’s Financial Bureau held the first meeting of its study group on blockchain-based responses for Japanese government bonds. Materials presented at the meeting said the domestic approach is, for now, divided into three types. One of those options includes issuing a new form of government bond on a blockchain outside the existing book-entry transfer and settlement system. The study group itself was announced on Sept. 30. The Bank of Japan and the Financial Services Agency are also set to take part in the exchange of views. The development was reported by CoinPost and carried in a Techub News brief.
Japan’s Ministry of Finance, through its Financial Bureau, held the first meeting of its study group on responses to putting government bonds on-chain on Oct. 8.
According to materials presented at the meeting, Japan’s domestic approach to moving government bonds onto blockchain has been provisionally organized into three types. One of the options would involve issuing a new form of government bond on a blockchain outside the current book-entry transfer and settlement system.
The study group was announced on Sept. 30. The Bank of Japan and the Financial Services Agency will also join the exchange of views.
The item was reported by CoinPost and summarized by Techub News.
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