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The Bank of Japan is mulling applications for blockchain technology, which underpins virtual currencies such as bitcoin.

Blockchain a link to central bank's digital future

Technology's potential explored at fintech forum

MOYURU BABA, Nikkei staff writer | Japan

TOKYO -- Private and public experiments with the blockchain technology underpinning digital currencies could put distributed record-keeping at the heart of finance in Japan and elsewhere, even paving the way for a cashless future.

The Bank of Japan's Third FinTech Forum, held Tuesday afternoon, was "very interesting," said Hiromi Yamaoka, director-general of the Payment and Settlement Systems Department. "Technology is going to change finance in the future," he said.

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