Ukraine crisis may reshape role of c.bank digital currency, says ex-BOJ official

Hiromi Yamaoka, head of Bank of Japan’s (BOJ) payment and settlement system division, speaks at an interview with Reuters at his office in Tokyo, Japan, October 4, 2016. REUTERS/Kim Kyung-HoonRegister now for FREE unlimited access to Reuters.comRegisterTOKYO, March 16 (Reuters) – Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to counter the dollar’s dominance in the global financial system, former Bank of Japan executive Hiromi Yamaoka said on Wednesday.While sanctions using financial infrastructure are necessary in extreme cases like the Ukraine crisis, they are “emergency means” that …
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