Kazuo Ueda: Bank of Japan to conduct blockchain-based currency settlement trial

ChainCatcher News reports that Bank of Japan Governor Kazuo Ueda stated on Tuesday that the central bank will conduct experiments using blockchain technology to settle deposits held by financial institutions at the central bank. These experiments will be part of the Bank of Japan’s “sandbox project,” aimed at enabling the use of central bank digital currency for various settlement scenarios through blockchain technology. Analysts believe that introducing blockchain technology could enable real-time, 24/7 settlement and reduce systemic congestion risks.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

CME Data: The probability that the U.S. Federal Reserve will keep interest rates unchanged in April is 98.4%

Gate News message. On April 9, according to the latest data from CME’s “FedWatch,” as of April 10, the probability that the Federal Reserve will hold rates steady in April is 98.4%, and the probability of a 25 basis point rate hike is 1.6%.

GateNews3h ago

U.S. White House Council of Economic Advisers chairman: Hassett says interest rates should be lower

Gate News message: On April 9, Hasett, the director of the National Economic Council at the White House, said that interest rates should be lower. He expects that the current Federal Reserve chair, Powell, will not remain in his role as a Federal Reserve governor. Earlier news: Trump nominated Wosh to be the chair of the Federal Reserve, and the Senate hearing is expected to be held on April 16.

GateNews8h ago

Bitcoin bullish call open interest of $80k exceeds $1.6 billion, surpassing put options at $60k

The Bitcoin options market has turned, with Deribit’s $80,000 call options open interest exceeding $1.6 billion, surpassing its $60,000 put options. The Iran–U.S. ceasefire has fueled rising expectations in the market for a Federal Reserve rate cut, which could be beneficial for Bitcoin. If geopolitical tensions ease, Bitcoin is expected to challenge $100,000, but risks from the Middle East conflict still need to be monitored.

GateNews9h ago

Deutsche Bank: If Trump pressures the Fed to cut rates, the dollar could weaken

Gate News message, April 9, German commercial bank FX analyst Antje Praefcke said in a report that if Trump again calls for rate cuts, the U.S. dollar could weaken. The report said the oil-price shock triggered by the Iran war should gradually feed through to the price level. Even if the war ends, energy prices may not return to pre-conflict levels. Trump may re-apply pressure on the Federal Reserve to cut rates in order to boost support ahead of midterm elections.

GateNews11h ago

Federal Reserve minutes hawkish signal escalates: more officials mention rate hikes—what macro pressures are markets facing?

The Federal Reserve’s March meeting minutes show that “some” officials supported raising interest rates, with hawkish language noticeably upgrading from January’s “several” officials, putting the crypto market under pressure from tighter interest-rate expectations.

InstantTrends13h ago

Market expectations: U.S. February PCE data shows inflation is still high, and the Fed may keep interest rates unchanged in April

Market expectations are that the U.S. February PCE data will show that inflation pressures remain, with PCE rising to 0.4% month over month and 2.8% year over year. Core PCE is expected to be around 3.0% year over year, above the Federal Reserve’s target. The Federal Reserve may continue to hold the 3.50%-3.75% interest-rate range in April, while rate-cut expectations cool.

GateNews14h ago
Comment
0/400
No comments