BOJ's Amamiya calls for more scrutiny in issuing digital currency

Bank of Japan Deputy Governor Masayoshi Amamiya during a Reuters Newsmaker event in Tokyo, Japan last year. — Reuters

TOKYO: Central banks must get a better understanding of the benefits and risks of issuing their own digital currencies, and look at ways to mitigate any associated perils, Bank of Japan Deputy Governor Masayoshi Amamiya said on Feb 27.

By issuing their own digital currencies, central banks can act as a bridge for private sector money flows and streamline settlement, Amamiya said.