boj - All news and posts by Crowdfund Insider

Bank of Japan Official Says China’s Digital Yuan Will Not Pose Threat to US Dollar’s Position as Global Reserve Currency

April 18, 2021 @ 5:51 pm By Omar Faridi |

A senior Bank of Japan (BoJ) official has stated that China’s digital renminbi will not be able to pose a threat to the US dollar’s dominant position as the global reserve currency. As reported by Bloomberg, Kazushige Kamiyama, who heads the BoJ’s payment systems division… Read More

Read more in: Asia, Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged bank of japan, boj, cbdcs, central bank, central bank digital currencies, china, digital currencies, japan, kazushige kamiyama, reserve banks, united states, us, us dollar, usd, virtual currencies

Digital Transformation: Japan’s Big Banks are Studying Virtual Currencies and how to Make Banks and Cashless Payments Systems Interoperable

June 5, 2020 @ 3:44 pm By Omar Faridi |

Japan’s largest banks will be looking into the potential benefits of using electronic money and digital currencies in order to make banks and cashless payments systems interoperable. The initiative has been launched by Japan’s Mitsubishi UFJ Financial Group, the world’s fifth-largest bank in terms of… Read More

Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged bank of japan, boj, decurret, digital currency, financial services agency, fsa, hiromi yamaoka, japan, mitsubishi ufj financial group, mizuho, tarō asō, virtual currencies

CBDC: Bank of Japan’s Deputy Governor Masayoshi Amamiya Confirms Reserve Bank has No Immediate Plans to Launch Its Own Virtual Currency

February 2, 2020 @ 6:05 pm By Omar Faridi |

The Bank of Japan (BoJ), the nation’s central bank, has been working on a virtual currency project for several years. The BoJ must be prepared to issue digital currencies if technical innovations in international settlement systems will increase consumer demand, the bank’s deputy governor noted… Read More

Read more in: Asia, Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged asia, bank of japan, boj, cbdc, central bank, central bank digital currencies, japan, masayoshi amamiya, reserve bank, virtual currencies