BoJ to test CBDC next year, reports say

Bank of Japan
The Bank of Japan

The Bank of Japan will launch a prototype central bank digital currency (CBDC) with major Japanese commercial banks next spring, according to media reports.

The two-year pilot study will be with the country’s biggest three commercial banks and some regional lenders, Nikkei Asia reported. Central Banking has asked the Bank of Japan for comment.

The central bank will carry out experiments to test deposits and withdrawals from accounts, Nikkei Asia said. It will also check whether the CBDC can

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