BoJ's Kuroda: central banks are leery about issuing digital currencies

Bank of Japan (BoJ) Governor Kuroda has had a busy day on Tuesday, with multiple representatives from Japan's central bank making a series of headlines and delivering talking points across a broad range of areas.

Japan has been largely supportive of the cryptocurrency movement, and digital currencies in general, but the BoJ's Kuroda noted that European and US central banks are particularly loathe to begin issuing digital currencies for use by the general public, noting that various problems with issuing cryptos were discussed at the recent G20 and BIS meetings. These particular problems include the impact on financial intermediation, as well as cybersecurity and ensuring financial system stability.