CBDC just one option for future payment system, says BoJ official

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Central bank digital currency (CBDC) is only one possible answer to problems with private digital payments, said a Bank of Japan official.

The central bank still “currently has no plan to issue CBDC”, said Shinichi Uchida, an executive director at the BoJ, in a speech on October 15.

But he admitted that a payment system where CBDC is available is “a clear grand design” that could resolve lots of issues in the evolving digital landscape. 

If digital payments prevail while cash becomes less

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