BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barl...
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 high on Thursday at $40,125 per unit, bitcoin (BTC) dropped to a low of $35,146 losing more than 12% in value. Since then, however, BTC has managed to regain some losses and climb back above....
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Bank of Japan Governor Haruhiko Kuroda said Monday that the central bank will begin experiments on a digital yen in the spring.
Governor of the Bank of Japan Haruhiko Kuroda has cast doubts on bitcoin's future as a currency. "Without safety or stability in its value, there would be no demand. In that sense, it cannot be a currency," he told reporters after a central bank policy meeting. Kuroda added: "It is not a currency, and I don't think it is a general means of settlement,". Kuroda's comments, which were reported in the The Economic Times, come after nationwide shock in Japan at the bankruptcy of the now-infamous exchange, Mt. Gox, which was based in Tokyo, and other recent bad news for bitcoin, such as....
The way financial services are designed could evolve with the development of blockchain technology and distributed ledgers, the governor of Japan's central bank said this week. The new remarks from Haruhiko Kuroda, governor of the Bank of Japan, were issued at an event held at the institution's FinTech Center, itself established this year as part of an effort to study financial tech. He cited artificial intelligence and blockchain as advances that could alter the face of financial services. Kuroda said: "Given that the development of financial services has been supported by ledgers as....
Japan’s central bank is testing blockchain tech but has limited its work to research, according to one of its senior officials. Deputy governor Haruhiko Kuroda spoke earlier today during the Paris EUROPLACE Financial Forum in Tokyo. In remarks, he spoke about the opportunities and challenges regarding new kinds of technology in finance today. Earlier this year, Kuroda speculated that blockchain could reshape some financial processes, and in May called on other central banks to pursue research efforts like the ones currently being undertaken by the Bank of Japan. Some of the world's central....
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 the BOJ, Haruhiko Kuroda, recently disclosed the central bank’s stance on issuing a digital currency has not changed — it will not issue a central bank digital currency (CBDC). The governor, however, insisted the BOJ will still continue “to....