Tag: Bank of Japan

Bank of Japan Will Not Issue Its Own Digital Currency Due to “Unforeseeable Risks”

Over the past few months, there has been a lot of concern over the fact that central banks may begin issuing their own digital currencies. On paper, such a trend makes perfect sense, even though the reality may turn out to be very different. The Bank of Japan is putting its native digital currency plans on the back-burner, which is a positive development for the cryptocurrency industry as a whole. No …
[Read More]

ECB And Bank of Japan Collaborate On DLT Research To Revamp Market Infrastructure

Blockchain technology is becoming the new norm among financial institutions all over the world. The European Central Bank is joining forces with the Bank of Japan to explore a new DLT initiative for market infrastructure– quite an intriguing development, although it was only a matter of time until the ECB started paying attention to the blockchain. Bank of Japan And ECB Form A DLT Coalition The news came as quite …
[Read More]

Japan’s Economic Woes Can Be Beneficial For Bitcoin

Nearly every economy in the world is struggling right now, thanks to the global financial crisis. Japan is one of the few countries in Asia where there is, in fact, economic growth. Then again, a 0.2% boost in GDP is not that spectacular either. The approach of pumping more money into the local economy is no longer providing adequate results. Japanese Yen Surge Badly Hurts The Economy In this day …
[Read More]

Banks Around The World Face Another Stress Test Next Week

Bitcoiners may want to pay close attention to the major bank stress test which is set to take place next week. All of the central banks in the world will participate in this test, and the outcome is anybody’s guess at this stage. It is possible the majority of banks will continue down the same path of not taking any concrete action as a result of the Brexit. Another Stress …
[Read More]