您现在的位置是:The BOJ will begin CBDC experiments this year >>正文
The BOJ will begin CBDC experiments this year
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛91523人已围观
简介The Bank of Japan (BOJ) will start experimenting with its central bank digital currency (CBDC) later...
The Bank of Japan (BOJ) will start experimenting with its central bank digital currency (CBDC) later this year, says the central bank governor Haruhiko Kuroda
The Bank of Japan’s governor Haruhiko Kuroda said the apex bank needs to be adequately prepared for when it would need to issue its CBDC. He said this while addressing a seminar yesterday.
According to the Reuters report, Kuroda said that BOJ has to be ready to issue its digital currency. Hence, the reason why they would start experimenting with their CBDC before the end of the year. He said,“From the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, it’s important to prepare thoroughly to respond to changes in circumstances in an appropriate manner”.
Kuroda revealed that the Bank of Japan has no immediate plans to issue a CBDC. However, central banks must not wait until the need arises before they start actively developing digital currencies. His statements are in line with what he said at a webinar in July last year.
BOJ has been talking about developing its CBDC over the past few months. In October, the central bank said it would begin experimenting on operating a digital yen in 2021. Private financial institutions are leading the way in terms of digital currency innovation and development. The BOJ admitted that central banks are lagging, and they will need to work with each other to catch up to the private institutions in the digital currency space.
BOJ will conduct the first phase of experiments on basic functions core to CBDC later this year. It would focus on the issuance and distribution of its digital currency. In January, BOJ deputy governor Masayoshi Amamiya said that the bank has to be ready to address public demand for CBDC in the country.
The Bank of Japan has been actively researching digital currencies since 2019. Several central banks globally are either actively researching or developing their CBDCs. China is ahead of most advanced countries in this area as it is already testing the Digital Yuan to see how it would perform in the real world.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/49822.html
相关文章
UST skyrockets as Terra’s 2.0 airdrop nears
The BOJ will begin CBDC experiments this yearUST has skyrocketed over the past 24 hours. The coin is getting closer and closer to regaining its d...
阅读更多
Bitcoin slips below the $30k level
The BOJ will begin CBDC experiments this yearThe broader cryptocurrency market has been underperforming in recent weeks.The crypto market has bee...
阅读更多
Top gaming tokens not to miss this May
The BOJ will begin CBDC experiments this yearBlockchain gaming studios are raising millions for game launches.The metaverse and GameFi as a whole...
阅读更多
热门文章
- Kraken Envisions September As A Tough Month For Bitcoin
- Ethereum price prediction: Dangerous patterns have formed
- Cayman Islands Removed From EU Blacklist
- THETA price rises 18% on MetaMask news: where to buy THETA
- Indian Prime Minister’s Twitter Hacked In Crypto Scam
- Elwood Technologies locks $70M in Series A funding
最新文章
Chainlink price at risk of decline below $25
Avalanche price prediction: No recovery in sight
Vietnam tops Chainalysis’ crypto adoption index
Getty Images picks Candy Digital for NFT minting on the Palm blockchain
DeFi Dips: Top coins to buy while the price is low
BNB Coin price prediction as ecosystem transactions retreat