Home / Crypto News / Mr. Amamiya, Deputy Governor of the Bank of Japan, pointed out the necessity of ensuring regulatory response and risk management system to Libra

Mr. Amamiya, Deputy Governor of the Bank of Japan, pointed out the necessity of ensuring regulatory response and risk management system to Libra

HOME> News> Mr. Amamiya, Deputy Governor of the Bank of Japan, pointed to the necessity of ensuring regulatory response and risk management system to Libra

雨宮日銀副総裁、リブラに対し規制対応やリスク管理体制確保の必要性を指摘

Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

Mr. Masatoshi Amamiya, Deputy Governor of the Bank of Japan, gave a lecture and question at a seminar held in Tokyo on May 5, and made an opinion on Facebook’s cryptocurrency “Libra” and central bank digital currency (CBDC).

Deputy Governor Amamiya has said that the details of the system are not necessarily fully understood with respect to the librab of フ ブ ッ ク イ ス ブ ッ ク ッ ク, and that such means of payment have to ” clear various conditions before distribution. ” .

As a specific example, he pointed out that “it is necessary to stabilize the value as a means of payment and settlement , and it is necessary to ensure sufficient technical safety and stability”.

Furthermore, it is necessary for the management side to ensure compliance with regulations such as anti-money laundering (AML), soundness of management and risk management system, etc., and “responsible action is required” I gave an opinion.

He also said that the Bank of Japan had no plans to issue digital currency on CBDC’s issuance, and denied that CBDC would raise the effects of the negative interest rate policy .

Article Source: Reuters

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Author: Yuya 【Coin Desk News】 – Source Post: http://festyy.com/w2ckMi

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