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⛓️ Crypto🟢 BullishImportance 7/10
Bank of Japan expands blockchain settlement sandbox and says CBDC efforts are ongoing
🤖AI Summary
The Bank of Japan is expanding its blockchain settlement sandbox to test reserves settlement and explore tokenized central bank money. The BOJ continues its CBDC research efforts as it prepares for a 2026 decision on whether to issue a retail digital yen.
Key Takeaways
- →BOJ is testing blockchain technology for reserves settlement within an expanded sandbox environment.
- →The central bank is exploring tokenized central bank money as part of its digital currency research.
- →Japan plans to make a decision on issuing a retail digital yen by 2026.
- →The sandbox expansion indicates Japan's serious commitment to blockchain-based financial infrastructure.
- →This development positions Japan among leading nations actively preparing for CBDC implementation.
Read Original →via CoinDesk
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