Has anyone heard this story? According to the technology review the Central bank of Japan in collaboration with Japanese banks and regulators are launching a sovereign cryptocurrency!

J-Coin

Slated to launch in time for the Tokyo Summer Olympics in 2020, and will have all the usual benefits that governments covet.

• precursor to banning cash
• track all transactions
• tax all transactions
• track all people

Is this Exciting.... or Scary?

Japan is not the only country experimenting with a blockchain based sovereign cryptocurrency. China and Sweden are two that come to mind off the top of my head.

Will this kill the the banking industry... or entrench it?

You've got to admit, it is somewhat ironic that a libertarian minded, open source platform will now in all likely hood be adopted by the governments of the world to do what governments do best..

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Until next time.

It's your move.

JESS

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