URGENT: BOJ to start feasibility study on digital currency in FY 2021

The Bank of Japan said Friday it will start a feasibility study on digital currency in fiscal 2021 beginning in April.The central bank currently has no plan to issue digital currency. But it will collaborate with other central banks and fintech firms on trials starting that month.The BOJ “will explore general purpose CBDC (central bank digital currency) in a more concrete and practical way by conducting experiments, rather than confining itself to conceptual research as before,” it said in a statement.

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