Bank of Japan sets up new team to explore Central Bank Digital Currency

Wednesday 22 July 2020 11:03 CET | News

The Bank of Japan (BOJ) has set up a new team to explore the implications of central bank digital currencies.

According to CoinDesk, the new team will likely follow up on the BOJ’s 2019 research into central bank digital currencies (CBDCs), as well as the additional research it has been conducting with other central banks since January 2020. The team will join the central bank’s payment and settlement department.

Japan's government is set to examine the possible launch of a digital yen as part of this 2020's policy agenda.

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Keywords: Bank of Japan, banks, central bank digital currency, BoJ, CBDC, digital currencies, Japan
Categories: Banking & Fintech
Countries: Japan
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