April 19, 2024

China and Japan are promoting their projects with CBDC

On March 26, the Bank of Japan announced the establishment of a committee on the communication and coordination of the Central Bank's Central Bank, in order to discuss with thea private sector prior to testing the concept of CBDC or PoC.

“Through this committee, the bank will provideUpdated information on PoC and work with the private sector and the government, and will also consult on future steps to simplify the prevention of PoC outside. "

It is also noted that the bank is preparing to launch the pilot CBDC from October 2020 and will officially proceed to Phase 1 of the test project in the next place.

2 March China State Publication SinaAlso, it was reported that six large state-owned banks started testing the wallet for the digital yuan. Customers can apply for inclusion in the white lists of banks for participation in the test, and in case of approval, they will be issued with additional wallets that are connected to a digital socket.

All applications will be processed individually by the central bank.

The approved candidates are sent the textMessages with instructions for loading and setting up digital wallets by scanning the QR code. For subwalks, the payment limit is set at 1000 yuan per day, but in the future, users can apply for an increase in the limit. If desired, the wallet can be tied to existing bank cards issued by member organizations.

In the number of six banks are included the Chinese Bank, the China Bank, the Communication Bank, the China Building Bank, the Post-safe Chinese Bank, the Chinese Bank.

</p></p>