Bank of Japan Forms Committee to Collaborate Over CBDC Testing Plan

The Bank of Japan launches committee to support central back digital currency (CBDC) proof of concept testing plan. The committee will connect the Central bank and the private sector.

The experiments had been scheduled to start in spring.

The Japanese Government plans to factor in the private sector as part of the process of creating CBDC.

Private sectors that would be considered include; banking, payments and fintech associations.

Author: FogknErsdB

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