BoJ’s Kawai: Not considering issuing a digital currency because there is no demand

Bloomberg reports comments from Yuko Kawai, the head of the Bank of Japan (BoJ) FinTech division, delivered in an interview published Sunday.

Key Points:

“We aren't at the stage of considering issuing a digital currency because there is no demand." 

"To begin with, do we really need a digital currency in the nation where cashless living isn't making much progress?"

Bitcoin is not a currency but a commodity for speculative trading.