Bank of Japan creates committee to facilitate experiment on central bank digital currency

The Bank of Japan said on Friday it has created a committee to promote smooth implementation of a central bank digital currency.

The new committee groups together policymakers and banking lobby executives.

The committee will consist of BOJ, Ministry of Finance and Financial Services Agency executives, as well as officials from financial lobbies, the central bank said.

Image: Bank of Japan Head Office in Tokyo, Japan, by oben901 / Adobe Stock

About Sai Mehta

Sai Mehta teaches Information and Communications Technology at a college in Ahmedabad, India, and writes articles about changes in the regulation of the tech sector and the application of blockchain technology by Asian national governments.

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