Oct 12, 2020 at 13:53 UTC.Bank of Japan Governor Haruhiko Kuroda said Monday that the central bank will begin experiments on a central bank digital currency in the spring, Reuters reported.
The experiments will seek to determine requirements and principles for the issuance of a potential digital yen.
Kuroda also made clear his preparedness to impose added monetary easing steps, saying the BOJ still has tools at its disposal to fight the economic effects of the pandemic.
Last week, South Korea's central bank also said recently it will run trials of a CBDC during 2021, though it hasn't decided if a launch will follow.
China's digital yuan is already in extensive testing, with the deputy governor of the People's Bank calling this weekend for its launch to be accelerated.
BOJ's Kuroda Says Central Bank Will Start CBDC Experiments in Spring: Report
Udgivet den Oct 12, 2020
by Coindesk | Udgivet den Coinage
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