The Bank of Japan will decide to launch CBDC by 2026

The head of the Central Bank of Japan Haruhiko Kurod during the meeting of the parliament said that the regulator had not yet decided to launch digital yen. This is reported by Reuters.

According to Kuroda, the Japanese bank continues experiments with the digital currency of the Central Bank (CBDC) and will decide on the advisability of its launch by 2026 after consultations with the government and the private sector.

“The most important thing is that the idea will receive a sufficient understanding by the public,” he added.

Kurod also noted the need to cooperate with Europe and the USA in creating an international CBDC release standard.

At https://gagarin.news/ua/news/bitcoin-is-here-to-stay-says-wall-street-big-shot/ the same meeting of the Parliament, the Minister of Finance of Japan Sunyty Suzuki said that Tokyo carefully monitors the development of a digital yuan. China will test CBDC at the 2022 Winter Olympics in Beijing.

In April 2021, the Japanese Bank launched the first CBDC testing phase, which will last until March 2022.

In July, the representative of the ruling liberal-democratic party of Hideki Murai said that the state will develop a more detailed project of digital yen by the end of 2022.

Recall that in October, the Japan Bank has doubted CBDC non -alternative to solve the problems of digitalization of payments.

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