Bank of Japan calls for common rules for issuing government cryptocurrencies – Bits Media

According to a senior official of Japan Bank, The seven largest world central banks must be united to develop general rules for the release of state cryptocurrencies.

Head of the Department of Bank of Japan, overseeing the development of digital currency, Casesiga Kamiamama (Kazushige Kamiyama) He spoke regarding the significance of state cryptocurrencies for different countries.

According to him, The role of digital currencies of central banks will differ for developed countries with a reliable banking system and countries with developing economies, which can use state cryptocurrencies to make up for shortcomings in their financial infrastructure.

“Therefore, it is better to develop general rules for countries with a similar economic structure. The Bank of Japan plans to discuss general rules with six other large central banks ", He said.

Recall, that last fall ECB, Bank of England, US Federal Reserve, Canada Bank, Bank of Japan, as well as the Central Bank of Sweden and Switzerland participated in the creation of the document “Digital currencies of central banks: Fundamental principles and basic characteristics. ”

People's Bank of China (NSC), not participating in the creation of a document, In March, he also proposed global rules for digital currencies of central banks, including the possibility of their use around the world, Observation of them and information exchange.