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Aso wants G-7 to focus on digital currency at finance talks

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Oh, yes! Aso wants to focus on digital currency inform a country where hoarding cash is common and you can’t use your direct debit card anywhere besides a bank.

7 ( +7 / -0 )

Aso and digital. Right.

5 ( +6 / -1 )

Beware every government that wants to move to a digital "currency."

6 ( +7 / -1 )

Aso also referred to the debt relief program for developing nations 

Can't see Japan dipping its hand in its pocket much for that, when they completely ignore the increasing poverty and debt in Japan, and continue to allow people to flounder without tangible support, even before the Covid-19 crisis hit.

2 ( +2 / -0 )

Aso and digital. Right.

If he uses digital currency in the snack and manga cafes, his wife will find out what happens in his late night meetings.

1 ( +2 / -1 )

This will probably eventually be sold to the public as cheaper (occasional discounts for going digital) and more convenient (one card to rule them all). Odds are 'digital currency' does not include bit coin or blockchain technology.

It is closer to a euphemism for concentrated, centralized, social control, not unlike China's Social Credit System.

There is 'talk' of some U.S. proponents of such a world-wide system who are for such a digitization of money so that the corporate nation-state can eventually more efficiently regulate consumerism, the maximum amount that individuals can keep in their account at any one time, automatically extract penalty fees, etc.

Dark times ahead. Relentlessly dark.

0 ( +3 / -3 )

You can also directly transfer your money to third world and especially to North Korea, China, Africa and Latin America, and the small rest of digital natives or gamblers from the western countries gray zones, that’s easier...lol In addition, as Steve M. already commented, there are some severe future disadvantages for all in the pipeline.

-1 ( +1 / -2 )

This is another guy who should have retired years ago. He was stiff competition for Mori when it came to the worst ever PM.

0 ( +1 / -1 )

its in response to crypto like Bitcoin that they can’t control. They need the currency monopoly to remains in the hands of the governments. China is already four years ahead of the G7 with its central bank digital currency.

1 ( +1 / -0 )

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