Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Japanâs Financial Services Agency has launched a Bitcoin Governance Initiative Network to foster the âsustainable developmentâ of the DLT sector.
Japanâs financial regulator announced the launch of its global Blockchain Governance Initiative Network (BGIN) on March 10. The BGIN intends to foster the âsustainable development of the blockchain community."
The Financial Services Agency Japan (JFSA) announced the new initiative during the âBG2C - Special Online Broadcasting Panel Discussion,â which the JFSA hosted in partnership with Nikkei Inc.
BGIN to develop âcommon languageâ for blockchain sector
The BGIN will encourage sustainable development of the distributed ledger technology (DLT) sector by establishing âan open and neutral sphere for all blockchain stakeholders to deepen common understandingâ between DLT stakeholders.
The initiative also hopes to develop a âcommon language among stakeholders with diverse perspectivesâ and build a network of open-source information sharing. The JFSA will participate in the BGIN as a stakeholder.
JFSA adds that the BGIN is in line with its G20 Osaka declaration.
BGIN comprises JFSAâs third blockchain initiative
The BGIN is the JFSAâs third blockchain initiative, following its 2019 Blockchain Roundtable and its âMultilateral Joint Research Projects' looking at DLT.
The Blockchain Roundtable hosted domestic and international regulators, financial institutions and universities.
United States-based universities and regulators from Abu Dhabi, Australia, Germany, France, Ireland, Dubai, Hong Kong, Singapore and the United Kingdom participated in the round table â suggesting that they may also engage with the BGIN.
Securitize partners with Lifull to securitize rural real estate in Japan
On March 10, digital asset tokenization platform Securitize announced it had developed a blockchain-based platform to tokenize real estate in the Japanese countryside.
The platform was developed in partnership between its Securitize subsidiary Buidl and Tokyo-based Lifull Social Funding, and will predominantly target abandoned properties.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.