Hiromi Yamaoka is currently heading a private forum of 74 companies that is planning to launch a private digital currency.
Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.
Japanese megabanks join consortium launching yen-based digital currency
Private-sector behemoths in Japan are exploring digital currencies as a way to streamline large fund transfers and settlements.
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
Japan’s finance industry awaits clearer picture of digital yen in 2022
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued.
Bank of Japan governor slams Bitcoin, calls BTC a speculative asset
The BOJ governor says Bitcoin is a speculative play while issuing warnings over price volatility.
Bank of Japan begins first digital currency proof of concept
The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states.
Bank of Japan governor says CBDC preparation can’t wait until hour of need
In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021.
Bank of Japan Puts Top Economist in Charge of Digital Yen Initiative
The central bank’s most senior economist now runs the department responsible for the digital currency task force and working group with other central banks.
Bank of Japan Forms New Team to Explore Central Bank Digital Currency
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen.
US Stimulus Plan Is Steadying Global Markets While Crypto Takes a Dip
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday.
Japan Doesn’t Need a Digital Yen, Asserts BOJ Official
A digital yen could have serious unintended consequences, the Bank of Japan’s deputy governor warned.
Bitcoin Rebounds as Coronavirus-Infected Stocks Get Jolt From Fed, BOJ
Bitcoin jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads.
Japan Must Be Ready if Demand for Digital Yen ‘Soars’: Central Bank Official
Japan needs to keep researching a central bank digital currency, even if it won’t launch one just yet, accord to the Bank of Japan’s deputy governor.
Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash
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.
Central Banks Say Blockchain Could Shake Up Securities Settlement
The second report from the project ‘Stella’ initiative explores applications of distributed ledger technology to securities settlement mechanisms.