The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODOAso wants G-7 to focus on digital currency at finance talks
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODO
10 Comments
Login to comment
Do the hustle
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.
robert maes
Aso and digital. Right.
proxy
Beware every government that wants to move to a digital "currency."
0rei0
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.
Goodlucktoyou
If he uses digital currency in the snack and manga cafes, his wife will find out what happens in his late night meetings.
Steve Martin
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.
Sven Asai
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.
Pukey2
This is another guy who should have retired years ago. He was stiff competition for Mori when it came to the worst ever PM.
AzabuSamurai
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.