You are here

BOJ creates new team to look into central bank digital currencies

rk_BOJ_200720.jpg
The Bank of Japan (BOJ) said on Monday it has created a new team to look more closely into central bank digital currencies, taking a cue from heightening demand for cashless payments and growing moves by its global peers to eye issuance of such currencies.

[TOKYO] The Bank of Japan (BOJ) said on Monday it has created a new team to look more closely into central bank digital currencies, taking a cue from heightening demand for cashless payments and growing moves by its global peers to eye issuance of such currencies.

The team will follow up on the BOJ's efforts so far on central bank digital currencies, including joint research it has been conducting with other major central banks since January.

The team will belong to the BOJ's payment and settlement systems department, the BOJ said.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes