Japan’s FSA Launches Blockchain Governance Initiative




Japan’s Financial Services Agency has reportedly launched a new global network called the Blockchain Governance Initiative Network (BGIN), which will focus on providing an open environment for blockchain stakeholders to facilitate “sustainable development” of the blockchain industry and community.

The announcement was made by Georgetown University research professor Dr. Shin’ichiro Matsuo during the BG2c Special Online Broadcasting Panel Discussion, hosted by the FSA and Nikkei Inc. According to the FSA, BGIN’s goals will be aligned with the blockchain approach outlined in the G20 Osaka declaration.

According to the FSA, the initiative’s goals include:

Creating an open, global and neutral platform for multi-stakeholder dialogue

Developing a common language and understandings among stakeholders with diverse perspectives

Building academic anchors through continuous provision of trustable documents and codes based on an open source-style approach

The FSA also revealed that it will participate in BGIN’s activities as a stakeholder. The agency has previously conducted two other blockchain initiatives – the Multilateral Joint Research Projects and a Blockchain Roundtable. In addition, the agency has been engaged in collaborations and discussions with other blockchain stakeholders.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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