[2020-01-25]Japan to begin its own national cryptocurrency

[Desscount]

Japan has always been the number one country in Asia in terms of technology, bitcoin was also born in Japan, so I wasn't surprised to hear that Japan will have its own crypto currency

[1714817784]

1714817784

[duuuuude]

I believe that the amount does not change due to a change in terms of terms because who needs a centralized currency? This is not at all what I would like from this technology.

[JeffBrad12]

It looks like so many governments have already supported the central banks in the various countries to issue their own crypto. What has already done by japan is a very good decision.
https://bitcoinexchangeguide.com/bank-of-france-gov-central-bankers-should-issue-digital-currencies-not-private-companies/

This has already predicted in 2017 if fiat money will be coming to its end.
https://mises.org/power-market/deutsche-bank-fiat-money-world-may-be-coming-end

[the rise]

as I know Japan has already appeared first with MUFG, this coin is comparable to CBDC in China, if it doesn't function in the circulation of large banks, they only need to continue what they have created seriously. What they don't yet have is one level of payment coin with DCEP. Japan will no longer put it in the original draft proposal for too long if they really want it.

[maxreish]

Digital yuan? Seems good to hear. Since China made a decision to make their own crypto coin, Japan will not going to missed this new trend, new technology which is integrating blockchain and having their own crypto coin. Whatelse do we expect? We all know Japan is really good in advanced technologies. I just do hope this will turns out well.

[LbtalkL]

It is a great news for cryptocurrency, If this will happen soon maybe crypto adoption in the whole country will be happening soon, Last time I knew china is already starting to tokenize their own currency maybe they will launch anytime soon. With this great news, I hope crypto adoption will spread in the whole world. I'm excited who will launch first is it facebook libra, china, japan? I made a thread about china digital currency before if you want to read here's the link: https://bitcointalk.org/index.php?topic=5188288.0

[Ratash]

This is good for both japan and crypto because we know japan is a developped and powerfull country in technology and this will give crypto more credit and expand the use of crypto on online market and sure other countries will follow.

[Kevondo]

Japan has always been the number one country in Asia in terms of technology, bitcoin was also born in Japan, so I wasn't surprised to hear that Japan will have its own crypto currency

Yes, it can surely develop its own cryptocurrency and they are working on it in response to facebook’s Libra but I read somewhere that there are certain hurdles that they are facing in there way so they first have to deal with them. But as you said that they are on the top in the development of technologies, they will soon deal with their problems and Japanese digital currency will be in market.