Japan: Published Results and Findings from “Proof of Concept Phase 2” of CBDC pilot project
Compare with different regulatory event:
Description
Published Results and Findings from “Proof of Concept Phase 2” of CBDC pilot project
On 29 May 2023, the Bank of Japan published the Results and Findings from “Proof of Concept Phase 2” for a Central Bank Digital Currency (CBDC). Phase Two, conducted from April 2022 to March 2023, focused on evaluating additional functions and technical aspects of a CBDC. The Bank of Japan tested a shared token-based ledger design alongside the existing designs and assessed the impact of new features and technologies. Phase Two confirmed the technical feasibility of the CBDC's basic functions, paving the way for the Bank of Japan to proceed with its pilot program.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
Hide details
2022-05-26
concluded
2023-02-17
under deliberation