[BGIN-general] Paper on governance for blockchain based financial systems

Manoj Kumar Singh mksingh at rbi.org.in
Wed Jul 1 23:44:43 CDT 2020

Dear All,

Thanks for sharing the paper.

Overall, the paper provides a good framework for discussion.

I have one small suggestion to make- while considering supervisory priorities, we should also consider including a suitable framework for resolution in case of business failure/bankruptcy of a blockchain network. For instance, our governance framework should be capable of handling the data/or value that might be lying within the network, in case the network goes bust.

We can keep this aspect as a part of future discussions.


Manoj Singh

RBI, Mumbai

From: BGIN-general <bgin-general-bounces at blockchain-discussions.org> on behalf of 高梨 佑太(TAKANASHI Yuta) <yuta.takanashi at fsa.go.jp>
Sent: Wednesday, July 1, 2020 10:28:27 AM
To: 'bgin-general at blockchain-discussions.org'
Subject: [BGIN-general] Paper on governance for blockchain based financial systems

Dear BGIN members,

I would like to share our paper discussing governance for blockchain based financial system published from Stanford Journal of Law and Policy. This paper discusses why multi-stakeholder governance matters for blockchain based financial system showing concerns for financial regulation and drawing lessons from the case of the Internet. The latter part of the paper provides some considerations on how we should implement the concept of multi-stakeholder governance.

Part 1 or 2: https://stanford-jblp.pubpub.org/pub/multistakeholder-comm-governance/release/1
Part 2 of 2: https://stanford-jblp.pubpub.org/pub/multistakeholder-comm-governance2/release/1

I hope it contributes to the discussion at BGIN.
If you have any questions, views and/or comments, please feel free to reach out to me though this mailing list or bilaterally.


Yuta Takanashi
Director for International Digital Strategy
Financial Services Agency, Japanese Government
yuta.takanashi at fsa.go.jp

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