Bank of Japan must be ready on digital currencies: deputy governor
While the Bank of Japan had no immediate plans for a CBDC, it was “very important” for the central bank to be prepared should the need arise.
Latest Bank of Japan News
Bank of Japan governor says ‘no public demand’ for central bank crypto
Governor Haruhiko Kuroda said there was no reason to issue a central bank digital currency in the current climate.
Facebook Libra, like other digital currencies, must comply with rules: Bank of Japan
Speaking about Facebook Libra specifically, Bank of Japan Deputy Governor Masayoshi Amamiya said it was important to bear in mind “the potential global user-base could be enormous.”
Facebook Libra comes under fresh scrutiny—this time from Japan
Facebook’s plans for Libra have been met with a further setback today, after the central bank of Japan called for “global cooperation” in regulating the stablecoin.
Japanese regulators latest to voice concerns over Facebook’s Libra
Bank of Japan, the country’s central bank, said Libra would be difficult to regulate, and ultimately posed risks to the global financial system.
Bank of Japan considers central bank digital currency
While Bank of Japan has no plans for a CBDC at this time, the bank’s new report points out the additional functions crypto offers beyond traditional payments, as well as the wider implications of more efficient, direct blockchain transactions.
Japan says no plans for central bank-issued cryptocurrency
Bank of Japan’s deputy governor likens issuing a cryptocurrency to allowing private individuals to have an account with the central bank.