Deputy Governor of the Bank of Japan "Needs Research on Digital Currency Issued by Central Bank" January 30, 23:03
The Bank of Japan's Deputy Governor Amamiya has been conducting research on digital currency issued by the Central Bank as a payment method in place of cash, as technological innovation is progressing and calls for issuance may increase in the future. Stressed that it needs to be kept.
Digital currency, unlike private electronic money, is an electronic currency issued by the central bank as a means of settlement instead of cash.The Bank of Japan has formed a research group with the Central Bank of Europe, the Central Bank of the United Kingdom and Switzerland this month. Was.
The Bank of Japan's Deputy Governor Amemiya spoke in Tokyo on Friday, explaining that the BOJ has no plans to issue digital currencies at this time.
However, "It is possible that the world's needs for digital currency may increase depending on the speed of technological innovation. It is important to be prepared to respond appropriately." Was emphasized.
Deputy Governor Amamiya said in his research with foreign central banks that he would use a digital currency issuance mechanism and measures to prevent cyber attacks, as well as monetary policy to raise and lower interest rates and adjust the amount of funds supplied to the market. In order to proceed with, he showed his thoughts on what kind of ingenuity would be required.