| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2021: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2020: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2019: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2018: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2017: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Outline of Final Research Achievements |
First, we clarified; (1) the interconnections between private and public legal issues on digital currencies (DC) such as the impact of anti-money laundering measures on payment regulations and private law interpretations; (2) deepened our study through a survey of domestic and international literature and discussions with practitioners and scholars; and (3) presented an integrated model of DC legislation for the world.
In addition, we proposed; (1) relaxation of the tangibility requirement in Article 85 of the Japanese Civil Code and revision of the Bank of Japan Act for the issuance of central bank digital currencies (CBDCs); (2) in light of the cross-border transactions of CBDCs, that the G20 should agree on coordination rules for cases of competing currency sovereignty; and (3) reconstruction of the concepts of currency and currency sovereignty under international law, which are currently outdated.
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