in Cryptocurrency

Bank of Japan Official Calls for Deeper Understanding of Digital Currencies

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Central banks should develop a deeper understanding of the consequences of issuing a digital currency, according to a Bank of Japan official.

According to Reuters on Feb. 27, Bank of Japan Deputy Governor Masayoshi Amamiya explained that central bank digital currencies (CBDCs) could streamline settlements and facilitate private money flows, but also stifle private financial innovation and banks:

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Source: Cryptocurrency - investing.com

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