Tagged: digital yen

CBDCs: Japan Appoints Panel to Determine Feasibility of Issuing a Virtual Yen

Japan’s Finance Ministry is reportedly planning to appoint a panel of experts this coming month in order to determine the feasibility of issuing a digital yen. This, according to a report  from NHK. The ministry’s panel in Japan will be going over how to establish… Read More

Do You Really Need a CBDC? Bank of Japan Said Not to Pursue Digital Yen

Are central bank digital currencies a solution looking for a problem? That seems to be what the Japanese believe, as it has been widely reported that the Bank of Japan has halted its potential pursuit of a digital yen. https://twitter.com/WallStreetSilv/status/1553899519359737859?s=20&t=sSopC7cJnxHkiSeg_b9oTw Sayuri Shirai, of Keio University… Read More

Bank of Japan Official Argues that No Single Virtual Currency will Dominate Global Transactions

A Bank of Japan official recently noted that there’s no single virtual currency that will completely dominate global transactions, but only if reserve banks focus on enhancing their existing settlement systems. China, which has been leading the charge when it comes to implementing a national… Read More

CBDC: Bank of Japan’s Deputy Governor, Masayoshi Amamiya, Says Central Bank Digital Currencies Won’t Offer Significant Benefits to Developed Countries

Mature global economies like Japan’s won’t need a virtual currency, according to the deputy governor at the Bank of Japan (BoJ). While attending the Bank for International Settlement’s Future of Payments Forum, deputy governor Masayoshi Amamiya said that a central bank digital currency, or CBDC,… Read More

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