Bank of Japan Commences the First Phase of Virtual Currency Assessments

By Wayne Jones

Bank of Japan Studying Digital Currencies, Says Governor

Bank of Japan Studying Digital Currencies, Says GovernorJapan’s Central Bank has begun its first testing stage involving the use of Central Bank-based Digital Currencies(CBDC), experimenting with functions like distribution and issuance. The first phase will take about one year, primed to end around the third month of 2022. Japan’s CBDC Relations The Bank of Japan plans to go through with the second

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