Looking ahead to issuing "digital currency" The Bank of Japan is also preparing for a proof experiment. Full-scale preparation July 21, 21:29
Preparations and research for the issuance of electronic legal currency "digital currency" are becoming active in the world. The BOJ has a policy of conducting proof-of-concept tests, and is making full-scale preparations, such as asking companies that have developed cashless payment systems to provide information.
With regard to electronic fiat currencies and digital currencies that can be used in the same way as today's banknotes and coins, preparations and research are progressing in the world, such as China preparing for the issuance of the "digital yuan."
The BOJ also plans to carry out proof experiments to confirm whether it can be issued domestically or not, and what kind of technology it uses for companies that have developed cashless payment systems. We have begun the process of requesting for provision.
The BOJ states that the issuance of digital currencies requires the ability to be handed over even if communications are disrupted due to a disaster or the like, and the ability to interact with people who do not have mobile phones. I will collect them.
The Bank of Japan has no plans to issue digital currencies at this time, but with the movement of China and other countries accelerating, we would like to further advance technical research through demonstration experiments.