- 11 February 2020
- Posted by: admincryptovalues_wp
- Category: Central Banks, World News
According to Reuters, Kozo Yamamoto, Head of the banking and finance systems research commission at Japan’s ruling party, has proposed to create and launch a digital yen cryptocurrency within two to three years.
The Liberal Democratic Party legislator remarked that:
“The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years… If each country manages to control flows of money with their own (digital) currencies, that could prevent a big swing at a time of crisis and stabilize their own economy.”
Read more @ Reuters
Author: Tetsushi Kajimoto
Source: Reuters
File Foto: Japan’s State Minister in charge of vitalizing local economies Kozo Yamamoto speaks in Tokyo, Japan, August 3, 2016. REUTERS/Kim Kyung-Hoon/File Photo