Bank of Japan explores ‘digital yen’ CBDC
December 02 2019 - 11:00AM
Coin Rivet
Researchers at the Bank of Japan have published a report
exploring the legal implications of launching a central bank
digital currency (CBDC). The report, published on November 29, is
among the first detailed explorations of how a CBDC would function
in practice in the Japanese economy. Citing the “rapid development
of information technology” as the impetus behind the report, the
authors claim that more research is necessary to establish a
relationship between central bank-issued currencies and “private
money”. The singling out of private money may be a direct reference
to Facebook’s Libra plans, which have been condemned by many
worldwide governments as dangerous to national monetary
sovereignty. In response, many nations have indicated they will
launch their own digital currencies
The post Bank
of Japan explores ‘digital yen’ CBDC appeared first on
Coin
Rivet.
...
Continue reading Bank of Japan explores ‘digital
yen’ CBDC
The post
Bank of Japan explores ‘digital yen’ CBDC
appeared first on
Coin Rivet.
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Sep 2023 to Sep 2024