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BOJ says central bank group to assess digital currency possibilities

Tue, 21st Jan 2020 12:56

TOKYO, Jan 21 (Reuters) - The Bank of Japan said on Tuesday
it and other central banks including the European Central Bank
and Bank of England had formed a group to assess potential cases
for central bank digital currencies (CBDCs) in their home
jurisdictions.

The group - which also includes the central banks of Canada,
Sweden and Switzerland, along with the Bank for International
Settlements - will assess economic, functional and technical
design choices, including cross-border interoperability, and
share knowledge on emerging technologies, the BOJ said in a
statement on its website. https://bit.ly/2Gby6ws
(Reporting by Chris Gallagher; Editing by Andrew Heavens)

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