The Bank of Japan (BoJ) stated on Monday that it has started with the formation of a ‘Digital Currency Group, ’ which will operate under the umbrella of the Payment and Settlement Systems Department. The primary goal of the new group is to hasten the research on central bank digital currencies.
With a staff of about 10, the group will be headed by Akio Okuno, a senior official at the department, according to reports. The team will follow up on the BoJ’s efforts so far on CBDC, which includes joint research it has been conducting with other major central banks, including the European Central Bank and the Bank of England, since January.
Continue read: https://www.bitcoininsider.org/article/90586/bank-japan-ramps-research-central-bank-digital-currency
