BOJ Governor Says He Would Technically Verify the Bank’s Current Account Digitization
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The Bank of Japan (BOJ) plans to digitize current account deposits using blockchain technology, with Governor Kazuo Ueda overseeing the verification process. This initiative includes piloting Central Bank Digital Currency (CBDC) experiments targeting the general public, indicating a significant move toward implementation beyond research.
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- Japan’s Central Bank plans to digitize some of its current account deposits.
- The BOJ’s Governor says he will technically verify the current account digitization process.
- The BOJ is piloting CBDC experiments targeting the general public.
The Bank of Japan (BOJ) is planning to digitize some of its current account deposits using blockchain technology. Speaking at the fintech comprehensive event “FIN/SUM/2026,” BOJ Governor Kazuo Ueda stated that he would verify the process of implementing current account digitization and enable actual payments.
Moving Beyond Research to Implementation
Beyond a regular research exercise, users consider the BOJ’s plan an attempt to examine whether central bank funds can be restructured to suit the new technological environment. In the meantime, Ueda acknowledged blockchain technology’s encroachment into the real world, no…
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