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BOJ invites CBDC providers to test solutions in Fintech Regulatory Sandbox

by CBDC Insider Staff
July 19, 2020
in Business, South America
Reading Time: 1min read
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BOJ invites CBDC providers to test solutions in Fintech Regulatory Sandbox
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KINGSTON, Jamaica— The Bank of Jamaica (BOJ) says it is now formally inviting central bank digital currency (CBDC) providers to develop and test potential CBDC solutions in its recently established Fintech Regulatory Sandbox.
The BOJ said this announcement follows an indication earlier this year that it was willing to consider the use of CBDC.
According to a statement from the Central Bank, CBDC is not to be confused with cryptocurrency.

Continue read: http://www.jamaicaobserver.com/latestnews/BOJ_invites_CBDC_providers_to_test_solutions_in_Fintech_Regulatory_Sandbox

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