Fathoming the depth and the breadth of the changes taking place in the financial sphere due to the recent digital innovations is not easy. Research on ways of applying distributed ledger technology to payment and settlement has been increasing rapidly, led by central banks in major countries and commercial banks.
There is a possibility that cryptocurrency transactions, which are showing signs of overheating around the world, will work as risks to financial stability, and we will therefore also have to continue considering measures for dealing with those risks.