A Bank of Japan official has ruled out the launch of a central bank digital currency because to do so may require the country to abandon cash. Powered by WPeMatico
The deputy governor of Japan’s central bank predicts a large user base for Libra and warns Facebook to comply with money laundering and risk management regulations. Libra’s ‘enormous’ user base According to Bank of Japan Deputy Governor Masayoshi Amamiya,
Masayoshi Amamiya, Bank of Japan’s Deputy Governor, stated on Saturday that it was unclear whether digital currencies could enhance the monetary policies of central banks. He elaborated that the Bank of Japan had no plans whatsoever to issue a cryptocurrency.
The second report from the project ‘Stella’ initiative explores applications of distributed ledger technology to the securities settlement process. Powered by WPeMatico