Bank of Japan and European Central Bank to conduct joint research on digital currencies issued by private enterprises

The Bank of Japan said that six banks including the Bank of Japan and the European Central Bank and the International Settlement Bank said on the evening of the 21st that they will conduct joint research. The background of the central bank's intensified research is the vigilance of the "libra", the crypto asset in the US Facebook program. If the digital currency issued by private enterprises is used worldwide, loopholes in anti-money laundering measures will occur, and the influence of financial policies will decline. Countries plan to share experience and technology, improve research efficiency, and compile reports during the year.