Bank of Japan Governor: Digital Currencies Need to Be Careful

Digital currencies raise concerns among the Governor of the Bank of Japan (BOJ) Haruhiko Kuroda. The area needs extreme caution, he said. Concentration is essential on creating a safe working environment.

Earlier, Haruhiko Kuroda has already noted some features of the formation of financial relations based on cryptocurrency. The main points are the following.

  • Banks in Europe and the USA agree with Kuroda’s rhetoric of caution when dealing with new financial instruments.
  • There are a number of problems associated with the operation of cryptocurrencies in the banking industry. Some of them were discussed at the G20.
  • Cryptocurrencies are changing the field of intermediation in the financial world.

Despite the fact that Japan is at the head of the countries actively developing cryptocurrencies, the position of the Central Bank remains somewhat more conservative..

Bank of Japan Governor: Digital Currencies Need to Be Careful

Japanese banks / 日本の銀行

Earlier, we wrote about the transition of Japanese companies to pay salaries to their employees in cryptocurrency..

text: Evgeniya Likhodey, photo: Jan Hicks / Flickr 

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