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Topic: Japan reportedly working on a proposal to issue a national digital currency - page 3. (Read 202 times)

hero member
Activity: 788
Merit: 505
Hm, interesting. It might be just rumours, though, or this research can conclude that there is no use in such a digital currency. I believe that's what happened in other countries that looked into similar possibilities.
In case they decide to implement it (which is not likely, I believe), I wonder how it would affect their policies regarding Bitcoin. As far as I know, Bitcoin is currently pretty much legal tender there, but it would probably change if Japan opts for their own currency, right? What do you think?

Japan is most bitcoin friendly country in the world. May be Japanese legislative now think that its time to go hard on bitcoin as other governments are doing. Not many governments in the world are bitcoin friendly.
legendary
Activity: 3234
Merit: 1399
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Hm, interesting. It might be just rumours, though, or this research can conclude that there is no use in such a digital currency. I believe that's what happened in other countries that looked into similar possibilities.
In case they decide to implement it (which is not likely, I believe), I wonder how it would affect their policies regarding Bitcoin. As far as I know, Bitcoin is currently pretty much legal tender there, but it would probably change if Japan opts for their own currency, right? What do you think?
sr. member
Activity: 1554
Merit: 334
Why are they afraid of the digital Yuan?

Also, this digital national currencies are not guaranteed to work on a blockchain. And if they does, they might bring a slight pump to Bitcoin, but that's just it. First, they're a separate, considerably an altcoin of sorts, run by the government. Second, they're regulated and centralized, contrary to what most users here want (anonymity).
jr. member
Activity: 62
Merit: 4
Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. This appears to be a response to fears of a Chinese digital yuan.

READ FULL DETAILS VIA THE LINK BELOW...
https://worldpublicityblog.com/index.php/2020/01/25/japans-lawmakers-are-reportedly-working-on-a-proposal-to-issue-a-national-digital-currency/
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