Wednesday, April 21, 2021
Home Crypto News Market Bank of Japan To Start Testing Central Bank Digital Currency (CBDC)

Bank of Japan To Start Testing Central Bank Digital Currency (CBDC)

- Advertisement -

The Bank of Japan has launched the first phase of testing the national digital currency or Central Bank Digital Currency (CBDC) as stated in the Bank report.


At this stage, the bank will develop a test environment for CBDC and conduct experiments with its main functions. The first phase will last until March 2022.

According to the roadmap, After the first phase the Central Bank will offer the digital Yen to private enterprises and end users.

In March 2021, the governor of the Bank of Japan, Haruhiko Kuroda, said that the regulator had no plans to issue a CBDC soon.

Merchant token ico

In the 2020 summer, the Bank of Japan created a working group to study central bank digital currencies and to participate in joint research with regulators of other countries.

- Advertisement -
Jakkk
Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Chiliz CEO Alexandre Dreyfus Announced Working On Chiliz Chain V.2

Chiliz CEO Alexandre Dreyfus has announced that they are working on the next version of Chiliz Chain. With the new version, users will be...

Binance list FC Barcelona Fan token

Cryptocurrency exchange Binance has announced that it will list the FC Barcelona Fan Token (BAR). The BAR will initially be listed in the exchange...

Cryptocurrency Fund Launches To Combat Volatility In Bitcoin

Backed by venture capitalist Mark Carnegie of MH Carnegie & Co., in partnership with leading global blockchain expert Sergei Sergienko. Marks the entry...

Gaming Giant Ubisoft Has Become A Validator In Tezos Network

The French gaming giant Ubisoft, known for Assassin's Creed and Far Cry, has joined the ecosystem of the Tezos blockchain platform as a corporate...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly