- BOJ to start central bank digital currency tests next fiscal year
Market news
9 October 2020
BOJ to start central bank digital currency tests next fiscal year
Reuters reports that the Bank of Japan will conduct experiments on basic functions core to issuing central bank digital currencies (CBDCs) as early as possible during the fiscal year beginning in April 2021.
“The Bank will explore general-purpose CBDC in a more concrete and practical way by conducting experiments, rather than confining itself to conceptual research as before,” the BOJ said.
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