Senior BoJ official: recent incident in Japan's crytocurrency market underscores importance of ensuring safety, stability of settlement, financial services

Market news

6 February 2018

Senior BoJ official: recent incident in Japan's crytocurrency market underscores importance of ensuring safety, stability of settlement, financial services

BoJ will take appropriate steps to boost cyber-resilience, support private-sector efforts to protect market infrastructure
Cyber attacks against market infrastructure could pose huge shock to financial system that could spread to global markets
Providers of cryptocurrency-related services must proactively take steps to boost security, explain risks involved to investors
Cryptocurrencies currently used mostly for investment, speculative trading with usage for settlement rare

BoJ Kuroda: stock prices move on various factors, but Japan, Europe, U.S. economies are in very good shape

Eurostoxx 50 futures down 4 pct, DAX futures down 4.5 pct, CAC 40 futures down 3.5 pct, FTSE futures down 3.3 pct

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