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Bank of Japan: Cash Prevents Digital Currencies With Negative Interest

Published 07/05/2019, 03:01 AM
Updated 07/05/2019, 03:21 AM
Bank of Japan: Cash Prevents Digital Currencies With Negative Interest

Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5.

Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash.

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