A total of approximately USD 1.5 million in CBDC will be issued to deposit-taking institutions and authorised payment service providers during the CBDC pilot exercise which ends in December 2021.
BOJ’s CBDC team demonstrated the process of minting digital currency during the ceremony, under the watchful eyes of Minister of Finance and the Public Service and others. The minister promised that the legislative amendment to accompany CBDC will be in place before the end of 2021 fiscal year.
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