Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  Nikkei 225    N225   JP9010C00002

NIKKEI 225

(N225)
SummaryQuotesChartsNewsHeatmapComponents 
News SummaryAll newsNews of the components ofMarketScreener Strategies

Six central banks to hold digital currency meeting in April - Nikkei

share with twitter share with LinkedIn share with facebook
share via e-mail
02/06/2020 | 02:14am EST
Representations of bitcoin and U.S. dollar banknotes are seen in this illustration

NARA, Japan (Reuters) - Leaders of six major central banks undertaking joint research on digital currencies are considering holding their first meeting in mid-April in Washington, the Nikkei newspaper reported on Thursday.

A Bank of Japan executive said no timetable has been fixed for any meeting of the group, but said central banks must respond flexibly to rapid digitalisation to stay relevant as issuers of money.

"In Japan, we don't have any plans now to issue central bank digital currencies (CBDC)," BOJ board member Takako Masai told a news conference in Nara, western Japan, on Thursday.

"But we need to make an effort so we're ready to respond, in case public demand for central bank digital currencies rise dramatically," she said.

The central banks of Britain, the euro zone, Japan, Canada, Sweden and Switzerland announced a plan last month to share their findings to look at the case for issuing digital currencies, amid growing debate over the future of money.

The leaders of the six central banks and the Bank of International Settlements will meet in April to discuss ways to streamline cross-border settlement and security issues that need to be addressed if central banks issue digital currencies in the future, the paper said.

The six central banks plan to release an interim report in June and a final report around autumn, the Nikkei said without citing sources.

Central banks across the world have quickened the pace at which they are looking at issuing their own digital currencies, also known as CBDCs. Facebook push to launch its Libra cryptocurrency has raised questions over whether nation states will continue to control money in the decades ahead.

Of the major central banks, China's has emerged as the frontrunner in the drive to create its own digitised money, though details of its project are still scarce.

The BOJ has undertaken a joint research project with the European Central Bank, but has said it has no plans to issue CBDCs in the near term.

By Leika Kihara

Stocks mentioned in the article
ChangeLast1st jan.
EURO / JAPANESE YEN (EUR/JPY) -0.63% 119.457 Delayed Quote.-0.76%
FACEBOOK 0.62% 201.045 Delayed Quote.-2.21%
NIKKEI 225 -3.34% 22605.41 Real-time Quote.-1.14%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NIKKEI 225
09:57aWALL STREET STOCK EXCHANGE : U.S. Stocks Climb Following Monday Selloff
DJ
09:48aWALL STREET STOCK EXCHANGE : U.S. Stocks Open Higher Following Monday Selloff
DJ
08:06aGlobal stocks sink further as virus fears weigh
RE
05:55aGlobal Stocks Stabilize After Deep Wall Street Selloff
DJ
04:19aGlobal Stocks Stabilize After Deep Selloff
DJ
04:16aGlobal stocks pause after coronavirus shakeout
RE
02/24China, Hong Kong stocks drop as coronavirus fears deepen
RE
02/24Stocks tumble, oil falls, gold spikes as virus fears grip markets
RE
02/24Stocks tumble, oil falls, gold spikes as virus fears grip markets
RE
02/24Stocks tumble, oil falls, gold spikes as virus fears grip markets
RE
More news
News of the components of NIKKEI 225
10:39aTAKEDA PHARMACEUTICAL : Announces U.S. FDA Grants Priority Review for Supplement..
AQ
10:02aNTT DATA : Awarded Contract by the State of Oklahoma to Improve Employee Experie..
BU
09:52aCiti, Credit Suisse among banks curbing Italy trips on coronavirus fears - so..
RE
09:20aJapan's ANA orders 15 more Boeing 787 Dreamliners worth $5 billion at list pr..
RE
08:38aMITSUBISHI HEAVY INDUSTRIES : MHI Pledges Aid for Areas Affected by the Bushfire..
AQ
08:25aRAKUTEN : Nokia to enable Rakuten Mobile's implementation of a 'zero touch' oper..
AQ
08:15aNIPPON TELEGRAPH AND TELEPHONE : NTT Research to Collaborate with UCLA and Georg..
BU
More news
Chart NIKKEI 225
Duration : Period :
Nikkei 225 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIKKEI 225
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Heatmap :