Bank of Japan kicks off feasibility study on issuing its own digital currency

In a significant development sees cryptocurrencies increasingly gaining traction, on Monday the Bank of Japan (BOJ) has started feasibility study of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. In a statement the BOJ said, during the…

Central bank digital currency will help ease trading in cryptocurrencies

In a statement, Oki Matsumoto, the head of Japan’s Monex Group said, digital currencies of Japan’s central bank will help boost trading of cryptocurrencies by providing a trusted and convenient platform for converting them into legal tenders. Welcoming the move the Bank of Japan, Matsumoto, the CEO of the Monex Group said, it will look…

U.S. Federal Reserve looking at potentially issuing its own digital currency

In a statement, Governor Lael Brainard of the U.S. Federal Reserve stated, the central bank is looking at a broad range of issues surrounding digital currencies and payments, including design, policy and legal considerations around potentially issuing its own digital currency. The development underscores an openness in the possibility of the Federal Reserve issuing its…