{"id":30635,"date":"2020-10-23T18:09:37","date_gmt":"2020-10-23T15:09:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30635"},"modified":"2025-08-27T23:17:06","modified_gmt":"2025-08-27T20:17:06","slug":"bank-of-japan-sets-condition-for-issuing-a-digital-currency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-japan-sets-condition-for-issuing-a-digital-currency\/","title":{"rendered":"Bank of Japan sets condition for issuing a digital currency"},"content":{"rendered":"<p>Japan will abandon issuing a central bank digital currency (CBDC) if the idea does not win public support. <a href=\"https:\/\/www.bnnbloomberg.ca\/boj-official-says-digital-currency-needs-public-support-first-1.1512038\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Bloomberg<\/a> reports, citing Kazusige Kamiyama, head of the Payment Systems Department at the local regulator.<\/p>\n<p><!--more--><\/p>\n<p>According to him, authorities view CBDC as a way to improve the efficiency of the payment system and as a complement to cash, not a replacement. There is no final decision yet on issuing a digital asset.<\/p>\n<blockquote>\n<p>\u201cUltimately, we cannot continue our work without obtaining sufficient understanding from the public,\u201d Kamiyama said.<\/p>\n<\/blockquote>\n<p>Authorities hope to expand access to a potential digital currency through fintech companies. Kamiyama noted that at this stage the regulator is determining whether it will require a special license.<\/p>\n<p>Earlier, the Bank of Japan formed a working group to study CBDC and participate in joint research with regulators in other countries.<\/p>\n<p>Earlier, the Philippine central bank <a href=\"https:\/\/u1f987.com\/en\/news\/philippine-central-bank-doubts-imminent-cbdc-launch\">assembled<\/a> a similar group. Experts said there is a need for further study into the possibility of issuing a government digital currency.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan will abandon issuing a central bank digital currency (CBDC) if the idea does not gain public support. Bloomberg reports, citing Kazusige Kamiyama, head of the Payment Systems Department of the local regulator.<\/p>\n","protected":false},"author":1,"featured_media":30636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,135],"class_list":["post-30635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30635"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30635\/revisions"}],"predecessor-version":[{"id":30637,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30635\/revisions\/30637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30636"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}