BOJ sees scope to set common rules on CBDCs with major central banks

BOJ sees scope to set common rules on CBDCs with major central banks

From reuters.com

A group of the world’s seven major central banks has scope to set common rules and platforms for their own digital currencies that could lay the groundwork for more efficient cross-border payments, a senior Bank of Japan official said on Thursday. The role central bank digital currencies (CBDC) plays differs for advanced nations with a robust banking system and emerging economies that can use CBDCs to make up for shortfalls in their financial infrastructure, said Kazushige Kamiyama, head of the BOJ’s department overseeing development of a CBDC. “It’s therefore better to come up with common rules among ... (full story)

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