The Bank of Japan has started collecting information on CBDCs, paving the way for requests for professional assistance from several countries.

The Bank of England chose Accenture to build for RTGS and build a bridge with CBDC. Japanese financial institutions have developed a central mind, but still seek foreign support and open applications.

The Bank of Japan has been in operation recently. The Government of Japan announced the “2020 Legislation for Economic and Financial Employment and Reform” (collectively referred to as the “Gutai 2020 Policy”) adopted by the Ministerial Conference on July 17, 2020:

Japan's financial institutions have launched an experimental proof of approval regarding the central bank of digital currency and have participated in discussions with other countries. (Extract from the official website of the Japanese Agency "Trade and Finance and Reform Law 2020")

Three days later, on the 20th, the Japanese financial institution restructured its home elite to start delivering digital products. After the development of the bank's digital banking plans, the Japanese financial institution is looking for troops. For more information, see the previous "Getting Started" recipe from Lende and the Key Troops. .

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Bank of Japan seeks diplomatic assistance and opens overseas claims

Along with its internal development, the Financial Services Corporation of Japan announced last week that it would seek outside people to support the leadership of the Bank of Japan's CBDC.

Japan's financial institutions announced that they will launch a bank's financial advisory to manage digital assets to get information and data affected by the IT system of manufacturers, suppliers and service providers, and other businesses and individuals. The submission deadline is August 31st and the submission deadline is September 18th.

Requests can only be submitted by mail, but information provided by a physician can be sent by email. Submissions will not be returned and the physician will pay the fees.

Applications are made by "mailing", and not by email or download. An application for participation and contract must be submitted, and the physician must submit this information to the Bank of Japan by registered mail or other means. If nothing is missing, the Japanese financial institution will send you a certificate.

He knows that information sent by a doctor can be sent not only by mail but also by e-mail.

Japan's financial institutions also said, “In the future, they may request a hearing on the content of the information submitted or request additional information.

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Silent: There are currently no plans to leave the CBDC.

CBDC wrote in the "Goutai Policy" and adopted it quickly. Before the board of directors approved this "Bontai 2020 policy", the first bill did not address the concept of digital banking.

Asked about the data at the time, the Japanese finance company added that "there are no plans to announce the bank in digital banking." However, the lender has repeatedly stated in previous documents that the Bank of Japan is ambitious and is trying to become the regulator of Japanese financial services.

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The application of this assumption has nothing to do with the choice of a partner CBDC.

In early July, financial institutions in Japan announced that they were preparing to strengthen digital currency by concept and waged a battle under the leadership of the Bank of Japan. On July 2, Japan's financial institutions released a research report stating that "the house's problems with the Bank of China financial sector should work well." like cash. "

The report explains: “The Bank of Japan is running a joint venture with the European Central Bank. "Through proof-of-concept experiments, we can prove the feasibility of digital banking at a technological level."

However, financial institutions in Japan said, “Financial institutions in Japan intend to conduct a demonstration test of CBDC-based technology with IT developers and future products / services, but this demand has nothing to do with it. to do with the choice of partners. "

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States begin to form, world wars break out

The Financial Services Corporation (DCEP) plan has supported Japan's plan to announce digital advantages. The PE was initially tested internally by the Agricultural Bank of China.

The People's Finance Company of China decided to simulate and experiment with the use of numerical results at the 2022 Beijing Summer Olympics.

The eurozone also began operating in July, and banks in five European countries are still conducting separate research in partnership with the Bank for International Settlements. The UK central bank's digital startup business continues to evolve rapidly.

In early July, the Governor of the Bank of England, Andrew Bailey, announced that the bank was still considering abandoning the CBDC.

On July 30, the British financial institution announced that it had selected Accenture to develop a £ 150 million real world solution (RTGS). The new RTGS is expected to be operational in 2022.

RTGS is an integral part of the UK financial infrastructure. The RTGS (payment network used by British financial institutions) as modified by the Bank of England is similar to the future CBDC (Central Bank Digital Currency).

This means that when the bank decides to pull out of the CBDC, a new RTGS will be developed with “additional” digital business benefits. Accenture said in a statement that the new RTGS will adapt to the financial transformation by offering larger and more integrated capabilities as well as greater business connectivity.