BOJ to experiment with blockchain settlement for reserves, Governor Ueda says | Crypto Craft

  • BOJ to experiment with blockchain settlement for reserves, Governor Ueda says

    From channelnewsasia.com

    The Bank of Japan will conduct experiments for using blockchain technology to settle deposits that financial institutions park with the central bank, Governor Kazuo Ueda said on Tuesday. The experiments will be part of a "sandbox project" under way at the BOJ to enable the use of central bank money for a range of settlements using blockchain, Ueda said in a speech titled "the New Financial Ecosystem and the Role of Central Banks". "We intend to make further progress, with the support of external experts, exploring methods of connection with existing systems as well as examining use cases such as domestic interbank ... (full story)

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ZforexCM
Mar 3, 2026 2:50am
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The yen stayed near 157.4 per dollar and barely reacted to the Bank of Japan’s plan to test blockchain technology for reserve settlement. The move is technical and long-term, focused on improving efficiency, not changing monetary policy.

For now, the yen is driven more by macro factors. Higher energy prices linked to Middle East tensions and mixed policy signals continue to pressure the currency. Intervention remains on the table, but rate expectations and oil prices are still the main drivers.


Resistance stands near 157.80, while support is firm at 156.40.
R1: 157.80 S1: 156.40
R2: 158.60 S2: 155.20
R3: 159.50 S3: 154.50
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Trader#7D11
Mar 3, 2026 12:38am
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Based on statements from Russian officials in September 2025, Anton Kobyakov, an advisor to President Vladimir Putin, accused the United States of planning to use cryptocurrency and gold to manage and devalue its massive national debt.

I guess japan is doing on behalf for usa since it holds the largest usa treasuries. shadow banking here we come, says usa.
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    Ueda: The New Financial Ecosystem and the Role of Central Banks

    From boj.or.jp|Mar 2, 2026

    I am delighted to be given this opportunity to speak to you at the FIN/SUM 2026. The year 2016, when the first FIN/SUM was held, marked a milestone for the Bank of Japan as well: we established the FinTech Center that very year, taking into account the growing momentum in fintech efforts and our support for these developments as the central bank such that they would contribute to enhancing financial services and ultimately achieving sustainable growth in Japan's economy. The theme of this year's FIN/SUM is "The New Financial Ecosystem Shaped by AI and Blockchain." AI and blockchain have been significant topics of interest at the Bank since its founding of the FinTech Center. Assuming application of these technologies in the areas of finance and payments, the FinTech Center conducted joint research with the European Central Bank (ECB), identifying opportunities and possible challenges that blockchain could bring to financial market infrastructures. The Bank's Institute for Monetary and Economic Studies (IMES) also held workshops to explore legal considerations surrounding issues such as the use of distributed ledger technology (DLT) in securities settlements and the use of algorithms and AI. Fast forward 10 years, blockchain technology has entered the implementation phase in a wide range of financial services. Coupled with the rapid adva Just in | Bank of Japan Governor Ueda announces plans for technical experiments on blockchain-based settlement using central bank money in current account deposits.

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