Advanced economies such as Japan's don't need a digital currency, the deputy governor at the Bank of Japan (BoJ) asserted during a recent meeting. Speaking at the Bank for International Settlement's recent Future of Payments Forum, Deputy Governor Masayoshi Amamiya argued a Japanese central bank digital currency (CBDC) currently has little merit. CBDCs could greatly benefit developing countries, such as Cambodia, that have "immature" payment infrastructures, he said in a speech publicized Friday. But for advanced economies, the costs outweigh the benefits. "At this point, there is no need to implement new steps to ... (full story)