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Japan Needs Its CBDC Now.
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🚩With the coronavirus spreading at full length, the financial turmoil resulting from it is growing at an alarming rate.
🚩Because of this, many companies all across the world are looking into central bank digital currencies as their next move in response to the disease and its impact on the economy.
=======Experts:
🧓Speaking in an interview, Kozo Yamamoto argued that Japan should be implementing central digital currency now rather than later.
Yamamoto highlighted the three traditional roles of finance - a medium of exchange, a store of value and a unit of account. He further says big corporations such as Facebook should be able to issue such tokens and control the medium of exchange and store of value.