January 21, 2020 / 1:18 PM / 4 months ago

BOJ says central bank group to assess digital currency possibilities

TOKYO, Jan 21 (Reuters) - 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. bit.ly/2Gby6ws (Reporting by Chris Gallagher; Editing by Andrew Heavens)

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