Japan central bank will seek digital yen with 'simple' design, says BOJ official

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TOKYO : Any digital currency the Bank of Japan issues should have a simple design that private firms can use to develop financial and payment services for customers, a senior central bank official said on Friday.If central banks were to decide on issuing digital currencies, they need to co-exist with priv

TOKYO : Any digital currency the Bank of Japan issues should have a simple design that private firms can use to develop financial and payment services for customers, a senior central bank official said on Friday.

"To achieve vertical coexistence, a relatively simple central bank digital currency design is desirable for the private sector to use it as an ingredient" to develop various services, he told a speech.

 

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