Japan creates team to look into central bank digital currencies: report

It will follow-up on the BOJ’s efforts in this field.

The Bank of Japan (BOJ) has created a new team to look more closely into central bank digital currencies (CBDCs), reports Reuters.

The team will follow up on the BOJ’s efforts so far on central bank digital currencies (CBDCs), including joint research it has been conducting with other major central banks since January.

The team will belong to the BOJ’s payment and settlement systems department, the BOJ said.

Read from Reuters.