Bank of Japan Will Not Issue Its Own Digital Currency Due to “Unforeseeable Risks”

Over the past few months, there has been a lot of concern over the fact that central banks may begin issuing their own digital currencies. On paper, such a trend makes perfect sense, even though the reality may turn out to be very different. The Bank of Japan is putting its native digital currency plans on the back-burner, which is a positive development for the cryptocurrency industry as a whole. No Bank of Japan-Issued Digital Currency Central banks play a critical role in the world of finance. These institutions control the ebb and flow of the monetary supply in their respective