New Committee of Japan’s Bank Will Coordinate Their Work on CBDC
Japan’s Central Bank formed a committee that will coordinate the development of the national digital currency. It’s called Liaison and Coordination committee, and it will help to implement the PoC technology for a Japanese CBDC.
The Committee will also provide informational support by sharing the details and informing government and the private sector about updates in this field. It includes the members of Japanese banking and financial associations. They will regularly meet online due to the COVID-19 pandemics.
This year Japanese Bank pays much attention to the CBDC experiments. Although they announced that they have no plan to launch it right now, they try to keep up with the latest innovations in digital finance like their neighbour China does.