A number of Chief Executive Officers of different central bank have been considering organizing a meeting in April of 2020 in Washington DC in order to talk about common research regarding crypto assets. Based on a Nikkei statement, a number of spokespeople from Switzerland, Great Britain, Sweden, Japan, Canada as well as Europe are supposed to share their conclusions during the meeting that will take place in April in order to understand the potential of digital currencies created by countries.
The Bank of International Settlements (BIS) took it into their hands to organize the upcoming event. During the meeting, the representatives of central banks are supposed to have a conversation about digital assets and how they can improve the international payment system while at the same time keeping a focus on the security of using digital assets and on the adoption of certain policies in order to increase safety.
According to the deputy governor of the Central Bank of Japan, Nikkei Masazumi Wakatabe, it is an intuitive step for everyone to consider the improvement of international transactions and their level of convenience. Based on CryptoGlobe, an official from the Central Bank of Japan made a statement saying that the institution is preparing for the rise of a digital version of the Japenese Yen. Despite this statement, the Bank officially said that the digital currency will not be released any time soon. The bank representatives that will attend this meeting have to release a report by June of this year and a final draft of the report in Fall.
Overall, cryptocurrency is gaining attention from not only private and institutional investors but also governments around the world. As the regulations on crypto assets improve we will most likely see a price and trading volume rise in the crypto space with Bitcoin in the front seat. For information & details on the most famous crypto asset, BTC and its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.