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Finance

BOJ, ECB team up on blockchain research

Central banks eye bitcoin backbone for market infrastructure

TOKYO -- The Bank of Japan and the European Central Bank will jointly research the possible use of blockchain technology -- the foundation of digital currency bitcoin -- in market infrastructure, seeking to gain expertise and stay on top of the cutting-edge tech.

"Together with the Bank of Japan, [the ECB] agreed to launch a joint research project," ECB Executive Board member Yves Mersch said in a Tuesday speech.

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