Bank of Japan pumps the brakes on digital currency decrypt.co

In brief The Bank of Japan is slowing talk of a digital yen and calls for further international scrutiny on CBDCs.
After lawmakers in Japan had initially signaled that the country could move quickly to issue its own digital currency, its central bank is now urging restraint on a digital yen.
The deputy governor of the Bank of Japan today called for further scrutiny of the potential risks of issuing a central bank digital currency (CBDC), especially for a developed nation such as Japan.
Two weeks ago, Federal Reserve Chairman Jerome Powell said Libra was a “wake-up call” and has likewise affected the US central bank’s thinking on a digital currency.
Canada, like Japan, remains cautious on a central bank digital currency but is now nonetheless developing its own prototype—along with at least 10 percent of the world’s central banks, according to the Bank of International Settlements.