Fintech won't threaten central banks, for now - BOJ official



Digital currencies won't topple hard money printed by central banks any time soon, particularly in countries such as Japan with a solid, established financial infrastructure, a senior Bank of Japan official said on Tuesday.
But the need for central banks to maintain public trust in their policies has increased as the evolution of financial technology - or "fintech" - gives the public an alternative to using cash, Hiromi Yamaoka, head of the BOJ's payment and settlement systems department, told Reuters.
In April, the BOJ established a section in charge of fintech to offer guidance... read more

 
4 October 2016 in Science &Technology, Views: 46
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
      1 2 3 4 5 6
    7 8 9 10 11 12 13
    14 15 16 17 18 19 20
    21 22 23 24 25 26 27
    28 29 30 31