The Bank of Japan to launch its CBDC pilot before May

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The Bank of Japan to launch its CBDC pilot before May
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No actual retail transactions will be made during the pilot, only the simulated ones.

As the official specifies, no actual retail transactions will be made during the pilot, only the simulated ones.

Uchida’s speech focuses on the design of the future CBDC and the need to consult with the private sector on alternative data models, architectures for offline payments and other vital elements of the system. For this kind of consultation, the CBDC forum will be created.

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