- Special Reports
China DC/EP Research and Perspectives of CBDC in Japan
Jul. 17, 2020
Blockchain technology and digital currencies are among the most important breakthroughs that are driving an open, accessible, resilient, interoperable ecosystem in the financial industry. Many central banks are exploring the possibility of retail CBDC options. The People’s Bank of China (PBOC), the Chinese central bank, is pioneering the development and testing of the Digital Currency Electronic Payment (DC/EP) platform.
In contrast to China’s steady progress with DC/EP, currently in the testing phase, the Bank of Japan (BOJ) has not announced any plans to issue CBDC so far. However, the BOJ is actively studying the potential benefits and risks of CBDC.
