Kazushige Kamiyama has been appointed to head Bank of Japan’s payments and settlement department.
The facility to support CBDCs is being developed as a “bolt-on” should the bank decide to roll out a digital currency in future.
Bakong is in testing since July and is expected to be up and running by the end of the quarter, according to a central bank official.
The Philippine central bank has assembled a committee to research the feasibility of central bank digital currency as well as its policy implications.
Bank of Japan has been experimenting with a central bank digital currency, although it is yet to officially develop a digital currency.
The nChain CEO was the latest guest on The Banker’s Tech Talk series, where he discussed a range of blockchain-related topics.
The central bank asked companies to come up with technological solutions for the CBDC, to be submitted by August 7 for consideration.
Bank of Thailand is partnering with the Hong Kong Monetary Authority to integrate the Hong Kong dollar into its CBDC system.
The Centbee CEO and nChain’s director of Business Service took the virtual stage for the Wales Tech Week’s “Applications of Blockchain: Payments.”
The country’s block reward mining efforts have thus far attracted investment of 82.6 million Tenge, approximately $20 million.
The Bank of Canada is aiming to develop a central bank digital currency that could mimic bank notes on the blockchain.