BoJ official says digital yen won’t be used to achieve negative interest rate
The Bank of Japan’s Executive Director announced that the eagerly-awaited digital yen won’t be used to attain negative interest rates. Go to Source Powered by WPeMatico
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Bank of Japan official calls for G7 nations to adopt common crypto regulations
The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions. Go to Source Powered by WPeMatico
‘No Plan to Issue CBDC’ — Bank of Japan Governor
Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), has said the bank is currently not planning to launch a digital currency. The remarks come just a few days after the BOJ announced the commencement of the second phase of central bank digital currency experiments. Role of CBDC in People’s Lives The governor of … Read more
Former BOJ official warns against use of digital yen in the financial sector
Hiromi Yamaoka is currently heading a private forum of 74 companies that is planning to launch a private digital currency. Go to Source Powered by WPeMatico
Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year. Go to Source Powered by WPeMatico
Japanese megabanks join consortium launching yen-based digital currency
Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements. Go to Source Powered by WPeMatico
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar? Go to Source Powered by WPeMatico
Japan’s finance industry awaits clearer picture of digital yen in 2022
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued. Go to Source Powered by WPeMatico
BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’
Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. BOJ’s Kuroda Says Bitcoin ‘Volatility Is Extraordinarily High’ Bitcoin prices have slumped again on Friday after a tumultuous week. After tapping a daily … Read more
Bank of Japan governor slams Bitcoin, calls BTC a speculative asset
The BOJ governor says Bitcoin is a speculative play while issuing warnings over price volatility. Go to Source Powered by WPeMatico
