RATE Group | BOJ deputy casts doubt on merit of cryptocurrency for transactions：The Asahi Shimbun
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BOJ deputy casts doubt on merit of cryptocurrency for transactions：The Asahi Shimbun

22 Oct BOJ deputy casts doubt on merit of cryptocurrency for transactions：The Asahi Shimbun

Posted at 08:52h in Cryptocurrency News by

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NAGOYA–The Bank of Japan has no intention of issuing digital currency anytime soon, and doubts bitcoin or other cryptocurrency alternatives will quickly win wide public acceptance as an option of payment.

That’s the word from Masayoshi Amamiya, a central bank deputy governor who shared his views on the issue as a guest lecturer for an autumn annual meeting of the Japan Society of Monetary Economics held here Oct. 20.

The lecture, titled “Future of money,” touched on the future of digital currency and cryptocurrency in Japan. It is extremely rare for a top-level BOJ executive to publicly discuss the monetary system.

Amamiya conceded it is “likely” that cashless transactions will become a more common method of payment at some point.

“There are many aspects we need to look into, whether it would actually contribute to improve efficacy of financial policies or financial stability,” Amamiya said, noting that central banks in some countries are already exploring the merits…

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