BoJ to study impact of CBDC on bank deposits
Report says safeguards needed to prevent possible “rapid shift” from bank deposits to CBDC
The Bank of Japan said it will “carefully analyse” how much impact launching a digital currency will have on bank deposits.
The BoJ’s committee on a central bank digital currency (CBDC) released an interim report on July 5. It warned that making digital and traditional currencies convertible could create “a rapid or continuous shift in funds from bank deposits to CBDC”.
“The situation where severe imbalance of money would have adverse effects on the financial system and economic activities
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