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Bank Of Japan To Conduct Empirical Test On Digital Currency Issued By Central Bank

Tracy CHEN

Summary: The Bank of Japan is preparing to officially start an empirical test on central bank digital currency (CBDC). It is reported that the start time of the empirical test has not yet been determined, and the senior central bank official Takeshi Kimura said that they will consider cooperation with private sectors. The basic function of CBDC ...

The Bank of Japan is preparing to officially start an empirical test on central bank digital currency (CBDC). 
It is reported that the start time of the empirical test has not yet been determined, and the senior central bank official Takeshi Kimura said that they will consider cooperation with private sectors. The basic function of CBDC needs to possess two important characteristics: "universality" and "strength."

Tracy Chen

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