Japan: Published Results and Findings from “Proof of Concept Phase 1” of CBDC pilot project
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Description
Published Results and Findings from “Proof of Concept Phase 1” of CBDC pilot project
On 26 May 2022, the Bank of Japan published the Results and Findings from “Proof of Concept Phase 1” for a Central Bank Digital Currency. During Phase One, which took place from April 2021 to March 2022, the Bank of Japan conducted an experiment to assess the feasibility of various design alternatives for a central bank digital currency (CBDC) ledger. The main objective was to evaluate whether the basic functions of the CBDC ledger could be effectively processed.
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
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2022-05-26
concluded
2023-02-17
under deliberation