Japan Must Be Ready if Demand for Digital Yen ‘Soars’: Central Bank Official
Japan needs to keep researching a central bank digital currency, even if it won't launch one just yet, accord to the Bank of Japan's deputy governor.
The Bank of Japan is warming to digital currencies and now has a team dedicated to researching a possible digital yen.
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday.
The central bank's most senior economist now runs the department responsible for the digital currency task force and working group with other central banks.
A digital yen could have serious unintended consequences, the Bank of Japan's deputy governor warned.
Bitcoin jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads.