Bank of Japan or such as to prospect the end of the year to the digital currency research the European Central Bank report January 22, 17 hours 37 minutes

The Bank of Japan embarked on electronic currency, digital currency of research alternative to paper money and coins with, such as the European Central Bank's policy put together a report to the prospect of the end of the year. While China and other countries are preparing for the issuance, we will rush to identify technical issues.

The Bank of Japan announced on the night of the 21st that it has formed a joint group with the Central Bank of Europe and the Central Banks of the United Kingdom, Canada, Sweden and Switzerland to advance research on digital currency.

The research group, measures and to cyber attack, the method of remittance cross-border, plans to conduct research in collaboration for, such as whether it is possible to put the interest rate, our policy is summarized in the report the results to the prospect of the end of the year.

Whether or not to actually issue a digital currency based on the research results is left to the judgment of each central bank, and the BOJ also states that there is no plan to issue it at this time.

The movement is accelerating, however, as China is preparing to issue the Digital RMB and Facebook in the United States has launched a plan to issue a type of cryptocurrency, Libra.

The BOJ seems to have the aim of identifying the technical issues as soon as possible with the cooperation of each country and preparing the material for deciding whether to issue it.