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BOJ Official Says CBDC Could Play Key, Global Settlements Role

by CBDC Insider
March 26, 2021
in Asia, Business
Reading Time: 1min read
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BOJ Official Says CBDC Could Play Key, Global Settlements Role
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Central bank digital currencies (CBDC) could play a key role in global payments and settlements in the future, requiring the Bank of Japan to prepare for the possibility of issuing its own digital currency, a senior BOJ official said on Friday.

“While there is no change in the BOJ’s stance it currently has no plan to issue a central bank digital currency, we believe that initiating experiments at this stage is a necessary step,” BOJ Executive Director Shinichi Uchida said in a speech.

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