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Global financial regulators attend Japan FSA’s blockchain roundtable
Japan’s Financial Services Agency (FSA) held the “Blockchain Round-Table” on March 8 and 9, which saw the participation of foreign and domestic regulatory and supervisory authorities.
The FSA, in cooperation with other regulatory bodies, launched the round-table as an ad-hoc platform to share collective views on blockchain and discuss the inherent technical risks and opportunities. It is conducted in accordance with an initiative of the “Multilateral Joint Research” project, facilitated by the Growth Strategy 2017 of Japan and by the Strategic Direction and Priorities of JFSA 2017-2018.
Participants included the UK Financial Conduct Authority, the Monetary Authority of Singapore, the Australian Securities Investments Commission, the Abu Dhabi Global Market Financial Services Regulatory Authority, the France Autorité de Contrôle Prudentiel et de Résolution, the Hong Kong Monetary Authority, the Bank of Japan, the Bank of Canada, MIT Media Lab, The University of Tokyo, and Keio University.
The two-day event featured discussions on vulnerability issues of public blockchain, jurisdictional initiatives on blockchain, blockchain innovation and responsible user protection, potential of the technology, technical issues on blockchain usage, and standardization initiatives, among others.
The FSA said that it is currently conducting a study on the vulnerability issues of public-blockchain and relevant security issues and its impacts from technical perspectives.