The Japanese finance minister has called for a delay in the contemplation of digital currency

[abdullah553 1981]

On 2/24/2020 at 6:04 PM, Sourovdeb890 said:

The Japanese finance minister has called for a delay in the contemplation of digital currency, but I think if China starts trading digital currency right now, then other countries will be interested in digital currency transactions too.

Indeed, this will provide Japan with a great economic boost, and it will become one of the best in the market. Its entry into digital markets will provide speed in dealing with merchants in the world.

[Nupeboy 627]

Yes it may be possible that the Japanese prime minister is taking his time to know more about crypto so that when they accept or are ready for digital currency all over the people will enjoy and benefits from it

[Obliv0n 333]

Many countries are waiting for the development of a digital version of a Fiat currency promoted by the government, I personally consider that it will work the same as the banking system, simply that it will be controlled by the government, this may or may not be good, since the institutions can get corrupted, etc.

[Mfe 109]

This is not too okay and I think they should have just be pushing for the process to be so fast as it is going to contribute greatly to their economy too. But nevertheless they know exactly what they are doing and we can't say they should do as we expect.

[Sykkuno 2887]

Japan will probably not delay research too much as it will need a digital currency to replace the yen. China is ahead from all in the region and in the world and the digital yuan is a threat for economy pressure to other countries, first of all the neighbours as trade is higher with the countries that share borders.

[cryptovlek 2597]

Delaying what will happen is a mistake, I don't care much for the japanes or chinese digital currency, what matters more it is the cryptocurrencies and not the centralized government run money. With crypto you have the bank in your hands and no one to be afraid of mismanaging your money.

[Malik Abdullah 376]

I agree with the idea of japanese to start trading. But i think if china is interested to start trading in crypto word than others countries also start trading. Japan is well developed country. If japan start also trading then good results will show in the world of crypto.

[Syriana 350]

I do not think that the Japanese Finance Minister is right, so I call on him to reconsider his decision, because this leads to Japan being lagging behind the rest of the countries, and I see that if China starts trading cryptocurrencies, it will succeed and its economy will grow and its currency will grow more and more

[percare 3192]

Since the banks have already made the money in digital form and only a few countries left in the world that don't use the POS systems and still have paper cash for commerce, there is no need for a single digital currency for any country. They probably want to take the banks out of the equation as the Central Banks will become dominant, but then there will be a very high cost of running this. Maybe they have thought of this better than everyone else and will make it work.

[Fixfin 2569]

We are close to have central bank coins in our mobile wallets, this is happening fast ,with China ahead of everyone and the rest in a rush to catch up, Russia, Europe, America and many more countries are looking to create the digital dollar, euro and all national currencies to be transformed, however we are missing many points here, as there should be openness in this and perhaps decentralization. 

Paper cash was decentralized, you held it and you could own it, it as also anonymous, a currency that has nothing but central control may not help any economy.

[annayks 2314]

China has 90% of the country transactions done digitally since years ago. What you mean is that they have created a CBDC which is a Central Bank Digital Currency and this has lately been tested and already released and moving into more adoption. 

[Razan alikac 1899]

I think that Japan is one of the first countries interested in cryptocurrencies and that accepts dealing with them. It is one of the countries that is developing greatly, so postponing consideration of cryptocurrencies may be to develop a deeper approach or study.

[Ameralsamt 2558]

Dear, many countries, whether Japan or others, are afraid of the dominance of bitcoins, and they fear that this hegemony will reach them and the global economy will become dependent on Bitcoin and cryptocurrencies. 

[basel23 1722]

Most governments so far have not accepted the use of cryptocurrencies and I think that the Japanese Finance Minister is still afraid of the sudden collapse of the cryptocurrency market, but they must think in another way. The volume of trading in the cryptocurrency market has become very large and this makes these currencies very safe.

[Barbarellah 2225]

These were situations that arose at the beginning of last year where many governments had not defined whether to start the process of adopting cryptocurrencies or not. In April 2020, Japan began with the regulation of cryptocurrencies by implementing a series of laws that mainly involved the exchange platforms that operate in that country in order to protect users against possible attacks by hackers, which indicates the inclination of this country to start seriously with the adoption of cryptocurrencies.

[Henri1111 120]

I think it was decided to trade. If you ever start trading with digital currency. It will be able to do lots of important business. And there will be no risk. So many countries like China need to trade it soon. Digital currency trading is expected to lead to the growth of more cryptocurrencies, but what do you want to say about this?

[Jack764 1841]

The adoption of cryptocurrencies in all countries of the world needs a long time to study them in all respects, and all countries must accept them to make it easier.

[khaler 1549]

It will become a reality because all currencies have begun to view cryptocurrencies as being the currencies of the new generation, so some companies have begun to allow purchases with cryptocurrencies.

[teebasas 3018]

Japan would most likely not want to hurry it, preferring to assess the consequences of a sudden shift from fiat to digital currencies. In order to actually back their economy on a national digital currency, they would like the technology to be faultless. China has been studying this for longer than the rest of the world and is almost ready to issue their own version of a national cryptocurrency.

[selfmade 7]

On 2/24/2020 at 7:04 PM, Sourovdeb890 said:

The Japanese finance minister has called for a delay in the contemplation of digital currency, but I think if China starts trading digital currency right now, then other countries will be interested in digital currency transactions too.

Japan is more interested in cryptocurrencies than China and also know that binance (one of the biggest exchange there is) operates in china as well.

[piuri01 446]

China has always been good at doing business, and I know that its currency will be successful and this will help the trade of other countries that wish to do business with this currency.

[Samer1997 715]

We see many countries that have created their own digital currency, such as Turkey, Russia, Switzerland, and others. I think that all countries will do the same thing. I hope that my country will do that as well. I think that will improve the economic situation of our government and us as a population as well

[Rose5 916]

Dear china is good leading to business in all world. And I agree that china start trading and it will be good for us . For improving in business  china is taking advantages from others countries . And it is leading to others.