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

Japan’s central bank says CBDC could solve safety and interoperability issues, but is not the only option


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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