Japan c.bank will seek digital yen with ‘simple’ design, says BOJ official

A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File PhotoCBDC must co-exist with private payment services – BOJBOJ to move to 2nd phase experiment in April next yearTOKYO, Oct 15 (Reuters) – Any digital currency the Bank of Japan issues should have a simple design that private firms can use to develop financial and payment services for customers, a senior central bank official said on Friday.If central banks were to decide on issuing digital currencies, they need to co-exist with private-sector payment services, BOJ executive director Shinichi Uchida said.”To achieve vertical …
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