Bank of Japan Reportedly 'Very Interested' in Bitcoin
The Bank of Japan is reportedly very interested in the bitcoin digital currency. That is according to the bank's Governor Haruhiko Kuroda - who happens to be the 39th most powerful person in the world of finance, according to Forbes. Kuroda says that the Institute of Monetary and Economic Studies at the Bank of Japan is studying and watching the digital currency closely, but has no plans to take any form of action on bitcoin - be in good or bad. "Compared with traditional ways of money transfers and existing electronic money, Bitcoin has both similar and different aspects," he said in a....
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The Bank of Japan is keen to ensure seamless integration of its central bank digital currency with the existing payment architecture. While Japan’s CBDC plans are still in the research stage, Shinichi Uchida, an executive of the Bank of Japan (BOJ) has said simplicity will drive the central bank’s design thesis for the digital yen.According to Reuters, Uchida made this known during a speech delivered on Friday calling for modalities to be put in place to ensure the CBDC co-exists with existing private payment channels.For Uchida, vertical integration of the digital yen within the private....