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Japan: Central Bank’s Top Economist to Lead Department Researching CBDC

Japan continues to intensify efforts in its proposed central bank digital currency (CBDC) project as the country’s central bank has appointed its top economist to oversee the department conducting research on CBDC. Japan Getting Serious With Proposed Digital Yen According to Reuters on Friday (July 31, 2020), the Bank of Japan (BoJ) selected Kazushige Kamiyama,Read MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low

Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. Meanwhile, bank indexes show that financial institutions based in the UK, Japan, and the EU are about to break support levels that have held up since the mid-eighties. The global economy looks bleak and the world’s central banks are trying really hard to keep the monetary system from breaking even further. This…

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Japan’s Central Bank Creates New Cryptocurrecny Division: Report

Japan’s Central Bank creates a new division to research and to learn more about the issuance of digital currencies as we are reading more about in the following cryptocurrency news. The development for the digital yen came after the Japanese parliament members called for increased participation for digital assets and CBDC research. The local news outlet Mainichi said earlier that Japan’s Central bank creates a new digital currency group will work under the new payment and settlement system department. The team members were allocated to the division and they will now be headed by Akio Okuno who is a senior…

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Japan Central Bank Moving Forward With CBDC Research

The Bank of Japan (BoJ) formed a new team to speed up research into the possibility of issuing a central bank digital currency (CBDC). However, the apex bank has no immediate plans to launch a digital yen. BoJ Inaugurates New Committee For Digital Yen Research According to The Mainichi on Monday (July 20, 2020), theRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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