Yesterday the responses given by Prime Minister of Japan Shinzo Abe to questions on Facebook’s Libra and digital currencies were published by New Economy. Democratic member of the nation’s House of Representatives and promotor of blockchain, Kazuma Nakatani, asked the government of their stance on the controversial cryptocurrency.
There are international concerns that Libra, the Switzerland-based conglomerate-backed digital currency, could disrupt the financial system. Criticism has come from the People’s Bank of China, the U.K. Financial Conduct Authority, and prominently U.S. fiscal lawmakers among others. Nakatani was, therefore, keen to learn what the Japanese government’s opinion on the ‘stablecoin’ is.
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