Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Wahid Pessarlay

Former Bank Of Japan Official Says CBDC Is A Threat To Country's Financial Stability

Bank of Japan’s (BOJ) former head of financial settlements has changed his mind about creating a central bank digital currency (CBDC).

What happened: According to a Japan Times report, Hiromi Yamaoka thinks that digital assets have the potential to damage the financial system of Japan. He advised everyone against the digital yen after doing extensive research.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.