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Wed, Aug 5, 2020 4:19 PM by Coinfomania

Japan’s FSA Commissioner Backs the Country’s Plan to Issue a Digital Currency

The pandemic that has wreaked havoc on countries globally has forced most financial institutions to think of ways to cushion the challenges that may arise in the future.  According to a Reuters report today, one of Japan’s top financial regulators, Ryozo Himino, has advised the country to develop a Central Bank-backed Digital Currency (CBDC), as the coronavirus (COVID-19) pandemic could propel nations around the world into adopting a digital cash economy. Himino stated that Japan should not be worried about the challenges that may arise without first thinking about developing a CBDC plan. The pandemic may prompt the world to

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