Digital currency `` Ensuring credibility as well as convenience '' Finance Minister Aso January 24 12:15
Regarding the Bank of Japan's embargo on research into electronic and digital currency alternatives to banknotes and coins with the Central Bank of Europe, etc., Deputy Prime Minister and Minister of Finance Aso said not only the convenience of issuing digital currencies but also He also acknowledged that research should be done on how to ensure the credibility of the currency.
The BOJ has formed a group with the European Central Bank and other groups in order to identify technical issues regarding digital currencies that are preparing for issuance in China, and embarked on full-scale research.
In a press conference after the cabinet meeting on the morning of April 24, Deputy Prime Minister and Minister of Finance Aso stated that he had no plans to issue digital currencies at this time, and said, `` The money currently used will take time to remit. I think the background is that digital currencies are becoming more convenient or easier than saying that fees are too high. "
He said, "We have to consider various aspects of credibility. If the central bank were to issue digital currency, it would be inconvenient if it were not a credit currency." He acknowledged that research should be conducted with due consideration on how to ensure the credibility as a currency.