The central bank of Japan, the Bank of Japan (BOJ), is afraid of the upcoming Facebook's stablecoin — Libra, Nikkei Asian Review reports, citing an official from the bank.
The BOJ official reportedly claims Libra will move money into an absolutely virtual world, so it is completely different than other forms of digital payment.
Nikkei states Bank of Japan Gov. Haruhiko Kuroda is about to "keep a careful watch" for whether cryptos could gain acceptance as an option of payment.
In the meantime, according to a recent survey carried out by the financial services company Jefferies among over 600 participants, Facebook users do not plan to use the social network's cryptocurrency.
The participants in the study have alluded to the lack of confidence in the social network as the main reason (45%) why they would not use the new cryptocurrency even though Facebook has already confirmed it will not have access to any transaction data.
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