What to know about central bank digital currency

5 March 2024 · Kazuo Ueda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk

5 Mar 2024 · Kazuo Ueda Wiki · Bank of Japan WikiWhat to know about central bank digital currency

ContextRemarks at the FIN/SUM 2024 fintech summit in Tokyo; the Bank of Japan issues the currency and studies a possible central bank digital currency.

Why it mattersUeda explains how a digital yen could protect privacy by limiting data access.

Problems raised

CBDC raises privacy concerns.
Design choices matter.
Innovation must support wellbeing.

Solutions proposed

Protect privacy by limiting data access.
Design CBDC carefully.
Balance growth and people's happiness.

Read full speech on bis.org ↗

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