Bank of Japan’s Himino calls for holistic approach to future monetary system
Crypto Briefing
Bank of Japan Deputy Governor Ryozo Himino advocates for a unified monetary system integrating central bank money, stablecoins, and tokenized deposits.Summary
Bank of Japan Deputy Governor Ryozo Himino has called for a holistic policy framework to maintain the "singleness of money" as digital currencies proliferate. He argues that central bank money, commercial bank deposits, stablecoins, and tokenized deposits must function as an interconnected system where all forms remain interchangeable at par. By emphasizing full fiat backing and regulatory interoperability, Himino seeks to prevent the monetary system from splintering into incompatible silos while ensuring that private digital innovations remain tethered to central bank stability.
(Source：Crypto Briefing)