Advertisement
AD

Main navigation

Japan to Discuss Central Bank Digital Currencies with Canada, UK, and Other Countries

Advertisement
Thu, 6/02/2020 - 19:45
Japan to Discuss Central Bank Digital Currencies with Canada, UK, and Other Countries
Cover image via 123rf.com
Read U.TODAY on
Google News

The governors of the six leading central banks, including the Bank of Japan and the European Central Bank, are expected to meet this April to discuss the ins and outs of issuing a central bank digital currency. 

Advertisement

The Japan Times reports that the meeting is going to take place in Washington during a forthcoming IMF conference. 

Related
Crypto Disruption: French Central Bank to Start Testing Its Own Cryptocurrency in 2020

Takako Masai, a board member of the Bank of Japan, confirmed that there are no plans to issue a digital currency as of now.

"We need to make an effort so we’re ready to respond, in case public demand for central bank digital currencies rises dramatically,” Masai said. 

Central bankers will focus on discussing their key findings in the realm of digitalization before publishing a research paper later this year. 

As reported by U.Today, The Bank of England joined forces with other central banks to form a task group for studying digital currencies.

Related
Central Bank of Singapore Teams Up With Deloitte and Nasdaq to Launch Crypto Transactions

Meanwhile, the U.S. Federal Reserve recently revealed its intention to continue conducting research into a digital dollar, which would rival private initiatives such as Facebook's Libra. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD