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MarketScreener Homepage  >  Currencies  >  Euro / Japanese Yen (EUR/JPY)    EURJPY   

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BOJ says central bank group to assess digital currency possibilities

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01/21/2020 | 08:19am EST
FILE PHOTO: A man walks past the Bank of Japan building in Tokyo

The Bank of Japan said on Tuesday it and other central banks including the European Central Bank and Bank of England had formed a group to assess potential cases for central bank digital currencies (CBDCs) in their home jurisdictions.

The group - which also includes the central banks of Canada, Sweden and Switzerland, along with the Bank for International Settlements - will assess economic, functional and technical design choices, including cross-border interoperability, and share knowledge on emerging technologies, the BOJ said in a statement on its website. https://bit.ly/2Gby6ws

(Reporting by Chris Gallagher; Editing by Andrew Heavens)

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