Japan Central Banker: Blockchain, Security Vital to FinTech’s Future

The governor of Japan’s central bank has referred to the importance of security in “blockchain” and “distributed ledger” technologies during a FinTech conference speech in Tokyo.

Flagship FinTech Technologies
Without referring to Bitcoin by name, Kuroda also said information security was key to financial technology development — especially as networks become more open with transactions taking place on a greater range of devices for both professionals and consumers.Bank of Japan (BoJ) Governor Haruhiko Kuroda described them as “flagship technologies in FinTech” at Japan’s first FinTech Forum, an event hosted by the BoJ itself at its own headquarters.

He referred to this year’s successful heisttargeting Bangladesh’s central bank, which netted nine-figure sums for “hackers” using the traditional banking world’s own SWIFT network of international transfers.

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