The national cryptocurrency of Japan will appear only if approved by the public, said the head of the department of payment systems of the national central bank Kazushige Kamiyama. According to the official, the new asset will only supplement the existing money, but will not replace it.
“Cash and digital currency will coexist,” said a spokesman for the Bank of Japan, explaining that this trend is facilitated by an increase in the number of non-cash transactions due to the development of coronavirus infection.
At the moment, the department is discussing the issue of cooperation with fintech companies that could contribute to the distribution of the digital asset among the population, if it is launched. In particular, it is decided whether such intermediaries should have accounts with the Bank of Japan and a specialized license.
Solana captured 67% of all memecoin trading volume across spot decentralized exchanges on September 7th,…
21Shares, which oversees roughly $11 billion in assets worldwide, has weighed in on some of…
TON Foundation says Telegram Web3 mini-apps have passed 100 million monthly active users, marking another…
XRP has struggled to regain its footing after retreating from its recent rally, which briefly…
Five-season program brings together industry partners to help crypto-native users better understand global markets, asset…
Shiba Inu (SHIB) saw more than half a billion tokens permanently removed from circulation in…