BoJ has no plan to is­sue dig­i­tal cur­rency

The Star Malaysia - StarBiz - - Digital Trend -

TOKYO: The Bank of Japan has no plan to is­sue its own dig­i­tal cur­rency now, but sees the need to un­der­stand in­no­va­tive tech­nolo­gies for fu­ture pos­si­ble use in fi­nan­cial in­fras­truc­ture, deputy gover­nor Masayoshi Amamiya said.

Fi­nan­cial au­thor­i­ties must care­fully ex­am­ine how high-fre­quency trad­ing us­ing al­go­rithms and ar­ti­fi­cial in­tel­li­gence could af­fect as­set price moves and mar­ket volatil­ity, Amamiya said at a sem­i­nar on fi­nan­cial tech­nol­ogy hosted by the In­ter­na­tional Mon­e­tary Fund. — Reuters

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