BOJ's Himino calls for 'holistic approach' on global monetary system
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Bank of Japan Deputy Governor Ryozo Himino advocates for a 'holistic approach' to the global monetary system, emphasizing options beyond central bank digital currencies (CBDCs) and stablecoins. He highlights Japan's readiness for both CBDCs and stablecoins, while calling for consideration of factors like technical feasibility and financial stability. The BOJ is exploring blockchain technology for payment solutions and has initiated a pilot program for retail CBDCs. Japan's government supports stablecoin projects for cross-border payments.
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Source: CNA The copyright of this article belongs to the original author/organization.
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