Former Bank of Japan official warns against using digital yen
Hiromi Yamaoka, who previously headed the CBDC research, is concerned about the negative interest rates
01.02.2022 - 11:05
435
1 min
0
.
What’s new? Hiromi Yamaoka, who previously headed the Bank of Japan’s digital yen research, now opposes CBDC. He is concerned about the negative interest rates of the currency, which will appear in 2026. Yamaoka warned that the digital yen may pose a risk to the financial stability and have disastrous consequences for the economy, the Japan Times reports.
What is Yamaoka doing now? The former Bank of Japan employee now is working in the private sector, leading a forum of 74 firms that includes some of the country’s largest banks. Together they are working on the creation of a yen-based stablecoin. According to Yamaoka’s statement, it will be available to residents of the country as early as April this year.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$91 016
BTC
-0.83%
-
Ethereum
$3 155.92
ETH
+1.87%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.13
XRP
+22.69%
-
Dogecoin
$0.36856
DOGE
-1.95%
-
Cardano
$0.753833
ADA
+11.79%
-
Bitcoin Cash
$472.9
BCH
+8.37%
-
Polkadot
$5.76
DOT
+11.5%
-
Litecoin
$95.66
LTC
+13.27%
-
Stellar XLM
$0.231931
XLM
+62.65%