21.07.2024

Japan prepares to create national yen-pegged cryptocurrency

There are a growing number of countries around the world wishing to issue a national digital currency (CBDC). The Japanese authorities have repeatedly stated that, if necessary, the central bank can launch a token pegged to the yen.

This week, the head of the Central Bank Haruhiko Kuroda confirmed that the regulator may soon begin work on creating a national cryptocurrency.

As Reuters clarifies, preparations for the launch of the token will accelerate if circumstances call for it.

Kuroda noted during his speech at the seminar:

“In terms of the stability and efficiency of the payment and market systems, it is important for us to prepare carefully to respond appropriately to changing circumstances.”

Note that Japan’s neighbors, South Korea and China, are also preparing to launch their fiat-backed tokens.

The Bank of Korea previously announced that it plans to test the digital won by the end of 2021 and develop a regulatory framework to regulate transactions with this instrument.

Bitcoin became the slogan of the libertarians on the election campaign in the Netherlands

Ahead of the elections, the chairman of the Libertarian Party in the Netherlands, Robert Valentine, has installed a series of billboards in support of the cryptocurrency.

An image posted on Valentine’s Twitter account depicts a libertarian party leader with glowing eyes over the message «Bitcoin is the future.»

This party is one of 37 contenders for seats in the Dutch House of Representatives, the general election will be held today, March 17.

“I wanted to say something that would stand out and show people that we embraced Bitcoin as a revolutionary solution. We want to radically change the system, and bitcoin and blockchain will help with this , ”Valentine said in an interview with the YouTube channel BitcoinMeister.

Any political party in the Netherlands can get one seat in the House of Representatives for every 0.67% of the vote. The country is home to more than 17 million people, of whom approximately 12.8 million registered to vote in the last elections in 2017, which means the libertarian party will need 70,000 to 90,000 support to win even one seat. The party currently has no seats in the House of Representatives; four years ago, it received only 0.01% of the vote.

“The Libertarian Party has openly declared its support for Bitcoin (BTC) and other cryptocurrencies and was one of the first political parties to start accepting cryptocurrency donations back in 2013. Bitcoin meets the criteria of a stable currency, ”the politician added.

The laser eye effect used on billboards has become a fairly popular technique among prominent figures in the crypto space, a symbol of acceptance and optimism. In this form, the star of Shark Tank Kevin O’Leary, the US Senator from Wyoming Cynthia Lummis and the CEO of Tesla Elon Musk appeared before us.

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