Yesterday Uchina Shinichi, Executive Director of the Bank of Japan, spoke about the central bank’s work on a retail central bank digital currency (CBDC).
Three key takeaways include:
In his speech to the Coordination Committee on Central Bank Digital Currency, Mr. Uchida stated, “The decision as to whether or not a CBDC should be issued cannot be made by the Bank nor by the financial sector alone. It will have to be a judgement by the Japanese people.”
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