{"id":22,"date":"2016-05-20T17:57:00","date_gmt":"2016-05-20T17:57:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/why-central-banks-need-to-study-bitcoin\/"},"modified":"2023-01-14T02:00:51","modified_gmt":"2023-01-14T00:00:51","slug":"why-central-banks-need-to-study-bitcoin","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/05\/why-central-banks-need-to-study-bitcoin.html","title":{"rendered":"Why central banks need to study Bitcoin"},"content":{"rendered":"
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\"japan<\/div>\n

\u00a0Japanese central banks need to study Bitcoin<\/h3>\n
<\/div>\n
A few days ago Deputy Governor Hiroshi Nakaso <\/b>explained why central banks from all over the world need to study and focus on Bitcoin and blockchain applications.<\/div>\n
<\/div>\n
During an event held in Japan, Nakaso gave a speech about many aspects of the financial environment, including bitcoin and the distrubuted ledger.<\/div>\n
<\/div>\n
These were his words:<\/div>\n
<\/div>\n
“The application of those technologies would also change the structure of the financial infrastructure that has been built around centralized ledgers managed by trusted third parties. Thus, central banks will and have to follow these issues closely and with great interest.”<\/i><\/div>\n
<\/div>\n

Japan believes in Bitcoin<\/h3>\n
<\/div>\n
This news came after another important one related to Bitcoin recognition in Japan.<\/div>\n
<\/div>\n
Some months ago, in fact, the Japanese cabinet<\/b> recnognized the importance of bitcoin and cryptocurrencies, so it aims at recognizing them as a method of payment, so the government is going to bring digital currencies under control of the Financial Services Agency\u00a0<\/b>(FSA).<\/div>\n
<\/div>\n
Read more here<\/a> about Bitcoin recognition in Japan.<\/b><\/div>\n
\u00a0<\/b><\/div>\n

Japan to regulate Bitcoin<\/b><\/h3>\n
<\/div>\n
Previously in February the Japanese regulators stated the decision to propose bitcoin among the methods of payment, so to define the digital cryptocurrency as a conventional currency.<\/div>\n
<\/div>\n
In fact, Japan\u2019s Financial Services Agency<\/b> (FSA) wants to make \u201crevisions to legislation that would classify digital currencies as fulfilling the functions of currency”,<\/i> reported Coindesk.<\/div>\n
\u00a0<\/b><\/a><\/div>\n
Read more about Bitcoin news related to Japan by clicking here.<\/a><\/b><\/div>\n
<\/div>\n

Multicurrency Wallet<\/h3>\n
\"\"<\/div>\n
<\/div>\n
To keep your Bitcoin safe you better have a good wallet.<\/div>\n
<\/div>\n
\n
Here you can read all the info you need on how to open it securely and fast.\u00a0<\/a><\/div>\n
<\/div>\n<\/div>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Japanese central banks need to study Bitcoin A few days ago Deputy Governor Hiroshi Nakaso explained why central banks from all over the world need to study and focus on Bitcoin and blockchain applications. During an event held in Japan, Nakaso gave a speech about many aspects of the financial environment, including bitcoin and the […]<\/p>\n","protected":false},"author":2,"featured_media":4749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,146,376,454],"tags":[764,833,1042,1112],"yoast_head":"\nWhy central banks need to study Bitcoin -<\/title>\n<meta name=\"description\" content=\"Stay informed with HolyTransaction's blog: read about Japan's official recognition of Bitcoin as a payment method. 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