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Japan Ex-regulator Endo: China’s Progress Toward Issuing CBDC Will Have a Huge Impact
Summary: China’s progress toward issuing a central bank digital currency (CBDC) will have a huge impact on how quickly advanced economies follow suit, former top Japanese financial regulator Toshihide Endo told Reuters. Central banks have accelerated efforts to develop digital currencies to modernise financial systems. The People’s Bank of China is leading after launching trials, whereas ...
China’s progress toward issuing a central bank digital currency (CBDC) will have a huge impact on how quickly advanced economies follow suit, former top Japanese financial regulator Toshihide Endo told Reuters.
Central banks have accelerated efforts to develop digital currencies to modernise financial systems. The People’s Bank of China is leading after launching trials, whereas the Bank of Japan (BOJ) only began its CBDC project in April. "Japan and other advanced nations will face the tough question of how quickly they should follow,” said Endo.
By Amy Liu
Tags: CBDC,China,Japan
Link: Japan Ex-regulator Endo: China’s Progress Toward Issuing CBDC Will Have a Huge Impact [Copy]
