• Latest
Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash

Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash

July 5, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash

coinnewsdaily by coinnewsdaily
July 5, 2019
in Business
0
Bank of Japan: Adopting Central Bank Crypto Would Mean Dropping Cash
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

An official at the Bank of Japan (BoJ) has ruled out the use of central bank digital currencies because to do so may require the country to abandon cash.

According to a report by Reuters, Masayoshi Amamiya, deputy governor of the Japanese central bank, on Friday cast shade on the notion that central banks could make negative interest rate policies more effective by issuing their own digital currencies (CBDCs).

The issue comes down to the fact that, if the BoJ issues a digital yen and set a negative interest rate, individuals and businesses would effectively be charged for holding the CBDC. As a result, he argued, holders would drop the digital coin and instead hold cash.

Amamiya concluded:

“To overcome the nominal zero lower bound, central banks would need to eliminate cash. Eliminating cash would make settlement infrastructure inconvenient for the public, so no central bank would do this.”

Back in April 2018, Amamiya also said the BoJ had no plans to issue a CBDC directly for consumers because it could undermine the existing two-tiered system and affect financial stability.

Currently central banks only give access to limited entities such as private banks, which face consumers directly in a second tier. Launching a digital currency backed by the central bank would change the system without proving to be financially stable, he argued.

Japanese yen image via Shutterstock

Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

Malaysia Launches Work Visa Program for Blockchain Tech Professionals

Next Post

Bitcoin Falls Below the $7,900 Mark as US Stock Market Sees a Minor Downturn

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Bitcoin Falls Below the $7,900 Mark as US Stock Market Sees a Minor Downturn

Bitcoin Falls Below the $7,900 Mark as US Stock Market Sees a Minor Downturn

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,150.00-1.64%
  • ethereumEthereum(ETH)$1,775.21-3.30%
  • tetherTether(USDT)$1.01-0.70%
  • binancecoinBNB(BNB)$322.78-2.63%
  • rippleXRP(XRP)$0.432022-4.66%
  • cardanoCardano(ADA)$0.363865-4.97%
  • dogecoinDogecoin(DOGE)$0.075145-3.98%
  • matic-networkPolygon(MATIC)$1.10-4.06%
  • solanaSolana(SOL)$21.35-4.77%
  • polkadotPolkadot(DOT)$6.12-4.33%
  • litecoinLitecoin(LTC)$91.89-1.73%
  • shiba-inuShiba Inu(SHIB)$0.000011-2.77%
  • tronTRON(TRX)$0.0644180.71%
  • daiDai(DAI)$1.000.13%
  • chainlinkChainlink(LINK)$7.36-3.75%
  • cosmosCosmos Hub(ATOM)$11.33-4.96%
  • leo-tokenLEO Token(LEO)$3.411.66%
  • moneroMonero(XMR)$159.602.71%
  • ethereum-classicEthereum Classic(ETC)$20.31-3.74%
  • okbOKB(OKB)$43.60-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$125.88-3.40%
  • stellarStellar(XLM)$0.089593-4.64%
  • filecoinFilecoin(FIL)$5.66-4.42%
  • crypto-com-chainCronos(CRO)$0.069006-2.20%
  • vechainVeChain(VET)$0.023312-2.23%
  • algorandAlgorand(ALGO)$0.212513-4.61%
  • internet-computerInternet Computer(ICP)$5.03-4.09%
  • eosEOS(EOS)$1.192.95%
  • elrond-erd-2MultiversX(EGLD)$42.93-2.63%
  • aaveAave(AAVE)$74.45-6.52%
  • tezosTezos(XTZ)$1.15-3.16%
  • theta-tokenTheta Network(THETA)$1.02-3.00%
  • neoNEO(NEO)$12.832.07%
  • havvenSynthetix Network(SNX)$2.59-6.26%
  • paxos-standardPax Dollar(USDP)$1.010.35%
  • bitcoin-cash-svBitcoin SV(BSV)$36.79-1.16%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.71-2.45%
  • dashDash(DASH)$61.63-3.42%
  • huobi-tokenHuobi(HT)$3.803.17%
  • makerMaker(MKR)$675.14-1.75%
  • iotaIOTA(MIOTA)$0.210532-3.36%
  • zilliqaZilliqa(ZIL)$0.027802-3.26%
  • zcashZcash(ZEC)$36.47-2.40%
  • basic-attention-tokenBasic Attention(BAT)$0.244509-3.34%
  • nemNEM(XEM)$0.039602-1.30%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.29-0.54%
  • kusamaKusama(KSM)$33.70-2.99%
  • compound-governance-tokenCompound(COMP)$43.11-3.01%
  • bitcoin-goldBitcoin Gold(BTG)$16.64-1.02%
  • omisegoOMG Network(OMG)$2.0514.53%
  • yearn-financeyearn.finance(YFI)$8,491.32-3.56%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.240484-2.23%
  • wavesWaves(WAVES)$2.18-3.91%
  • ontologyOntology(ONT)$0.230150-2.72%
  • sushiSushi(SUSHI)$1.05-4.89%
  • digibyteDigiByte(DGB)$0.009702-1.18%
  • umaUMA(UMA)$2.06-3.22%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%