Bank of Japan to start digital currency proof-of-concept in 2021
This will consist of the advancement of a test environment for the currency and experiments on its basement operates as a payment instrument.The BoJ report keeps in mind that a core function of the digital currency should be durability in the face of facilities interrupted by forces Majeure, specifying:”Offline usage in times of system and network failures as well as electrical failures is likewise crucial for Japan, provided the regular event of natural catastrophes.
