Japan wants a post cash economy: Is crypto the answer?
Bank of Japan officials are beginning to acknowledge what once seemed outlandish: that cryptocurrencies could one day become a major part of everyday payments in Japan—and perhaps even challenge the yen itself.
While they stress that such a shift won’t happen overnight, the notion that digital assets could reshape the country’s payment landscape is no longer mere speculation; it’s increasingly being treated as a plausible scenario.
At a recent meeting with private-sector partners involved in the BOJ’s central bank digital currency pilot, Executive Director Kazushige Kamiyama said that while Japan still sees high levels of banknote issuance, “usage of notes could fall significantly in the future amid…
