Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: Riya143 on July 15, 2020, 07:43:15 PM
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The Japanese government is getting serious about a CBDC.
The Japanese government is expected to include consideration of a central bank digital currency (CBDC) in its official economic plan. The news comes 10 days after the Bank of Japan’s announcement that it will start experimenting with the digital yen to check its feasibility from a technical perspective.
According to Nikkei, the consideration of CBDC will be included in the Honebuto Plan for Economic and Fiscal Revitalization. The Honebuto Plan is the basis for Japan’s economic and fiscal policy and the report says the Japanese government “will consider a CBDC while coordinating with other countries”.
Read More: https://cointelegraph.com/news/japanese-government-set-to-include-cbdc-in-official-economic-plan
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If the goal of the CBDC (Central Bank Digital Currency) to provide opportunities for their traditional money in digital form to be adopted by the bank of Japan, it is certainly an advancement that must be appreciated. but whether other countries are willing to support the actions that Japan will take is certainly another matter.
Obviously this is good news which is expected to enliven the crypto market indirectly because the contribution made must necessarily produce the best. we are waiting for the latest news.
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Although Japan is a bit late for the first state to legalize cryptocurrency, it began to consider the possibility of issuing its national digitized yen, but they take this issue very seriously. Their stable national coin will work without electricity and without a smartphone, and in various extreme conditions and natural disaster zones.
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Although Japan is a bit late for the first state to legalize cryptocurrency, it began to consider the possibility of issuing its national digitized yen, but they take this issue very seriously. Their stable national coin will work without electricity and without a smartphone, and in various extreme conditions and natural disaster zones.
Japan is sure to do something with careful consideration and it is certain that there will always be renewable innovations. It is fitting that they can catch up with the delays experienced with crypto but it is certain that Japan will become a threat to China in this very advanced update on crypto.