BOJ digital currency will help boost cryptocurrency trading, says Monex head

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Central bank digital currencies will help boost trading of cryptocurrencies by providing a more convenient platform for converting cryptocurrencies into legal tenders, said Oki Matsumoto, head of Japan's Monex Group.

FILE PHOTO: Monex Group Inc CEO Oki Matsumoto speaks during an interview with Reuters at its headquarters in Tokyo, Japan, April 20, 2018. REUTERS/Toru Hanai

Matsumoto, chief executive of the major financial services firm, welcomed the Bank of Japan’s plan to look into the idea of issuing a central bank digital currency , saying it will help Japan move toward a more efficient, digitalised economy. At present, converting cryptocurrencies into legal tenders is not easy because many smaller cryptocurrency exchange brokers do not hold bank accounts, Matsumoto said.

 

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Why? It's a HUGE FRAUD!

Lot's of threats more than regular trade.

YOUR WIFE OWES ME DIGITAL CURRENCY FOR MAKING HER DINNEE SND

Kind of misses the point. The best aspect of cryptocurrency is they are decentralized. There are not controlled by a central bank or government. But nothing wrong with more competition so have at it👍

Rudy Guiliani-ALWAYS been a piece of SH! He has NOT “changed”! As mayor of NYC, his policies HARRASSED/TERRORIZED ppl of color. That “America’s mayor” crap is BULLSH! After Sept 11, the WORLD stepped up & helped NYC recover. Rudy G was just there! He needs prison time with 45!

..because they've done such a great job with Fiat currency..

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