Breaking!!! Governor Kuroda: No CBDC For Japan

[taskmaster4450le]

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This is an impressive move. For now, the Bank fo Japan will not be issuing a CBDC. This according to a speech given by Governor Kuroda.

In this video I discuss how the BOJ is going against what is taking place on a global scale. While it will continue its research into the feasibility, as of now, the Governor made it clear there are no plans to implment one for the Yen.

Here is the article mentioned in the video:

https://news.bitcoin.com/no-plan-to-issue-cbdc-bank-of-japan-governor/

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Comments

[senorcoconut]

This is (for now) a big win for the people who want to keep those freedoms that come with cash.

Without sinister sinister... in this race for who will control the new digital reserve currency, Jason will have to fold at some in point. As you said, CBDC is coming to the US. It's only a matter of time. While the white paper is alread out for the public to read already, it kind of means they've been working on it for a year or so.

With an expert in Bitcoin and Bitcoin mining, and another expert in USDC... they have the recipe for the most controllable currency ever known to man. No more cheering for anyone (unless you're one of the politicians involved the deal).

Once they've got it implemented, and it works as intended, assuming it will be the CBDC of choice, every other country will build a clone into their central bank system.

At that point what would Japan do?

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[acesontop]

Meanwhile the EU has passed the bill cracking down on unhosted crypto wallets... Challenging times ahead.

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[hjrrodriguez]

I imagine they will continue their investigation and if the results are correct, they will surely implement it sooner rather than later. The future will always reach us

[jfang003]

I guess the banks are doing exactly what you said they would and that is to push back against the CBDCs. After all, they tend to support the government and it would cut into what the banks currently control.

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