Bank of Japan to start digital currency experiments very soon

In a speech today, Bank of Japan (BoJ) Governor Haruhiko Kuroda said the BoJ’s central bank digital currency (CBDC) experiments would start in the spring. The Governor re-iterated that as yet, no decision has been made to proceed with a digital yen. Last October, the Bank published a CBDC paper which outlined plans for two Proofs of Concept.Kuroda stated it would be too late if the Bank of Japan waited to experiment only when there is a need for a CBDC.
Read more...

;