BANK OF JAPAN TO BEGIN SUBSTANTIVE TESTING OF DIGITAL CURRENCY

Highlights –

• Bank of Japan to begin substantive testing of digital currency.
• A team of 10 or so members was formed by BOJ to work on digital currency issues.
• Central bank digital currency needs BOJ to ensure their two functions are complied with.
• Japan has one of the highest levels of outstanding currency in circulation.

The Bank of Japan plans to spee....