No Plans To Issue Central Bank-backed Cryptocurrency

The Japanese official, Bank of Japan (BoJ) has reported that they don’t have any plan yet to issue a central bank digital currency (CBDC) anytime soon. The deputy governor, Masayoshi Amamiya commented that the issuance of central bank digital currency, “may have a large impact on the aforementioned two-tiered currency system and private banks’ financial intermediation.”

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