The interest of Central Banks in issuance Of their own digital coin, is increasing as the traditional Methods of payments are becoming obsolete and the unique tech that could save the Financial Institutions, specially the the Central Banks is Blockchain!
Recently, the Governor of Bank of Japan, the Central Bank of the country, said that "the country must be prepared to the reality of creation of a CBDC" but for now still in studies.
It's pretty interesting also to see that the Central Banks are using Blockchain to survive, the imminent faster and cheaper ways of sending instant transactions worldwide using the tech behind the Blockchain, is letting them think twice to serious start organizing, how they will create the digital currency.
Bank of Japan is one of the Banks that few weeks back, joined the UK Central Bank band others 4 more to study the use cases of a possible CBDC, and now they are saying that!!
Also members of the Democratic Party of Japan, entered a motion to create a digital Yen to counter the Chinese digital Yuan, that is in advanced development.
In all this developments, the question that want to be answered is: will the CBDCs be allowed to be exchanged for decentralized currencies?!
