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Summary of the Report of the Study Group on Legal Issues regarding Central Bank Digital Currency

Kenji Hayashi, Hiroyuki Takano, Makoto Chiba and Yasuhiro Takamoto
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Kenji Hayashi: Bank of Japan
Hiroyuki Takano: Bank of Japan
Makoto Chiba: Bank of Japan
Yasuhiro Takamoto: Bank of Japan

No 19-E-3, Bank of Japan Research Laboratory Series from Bank of Japan

Abstract: This article introduces the main findings of the Report of the Study Group on Legal Issues regarding Central Bank Digital Currency (CBDC). Based on four stylized models of CBDC issuance, the Report discusses what legal issues would arise within the Japanese legal framework if the Bank of Japan were to issue its own CBDC.

Keywords: central bank digital currency; CBDC; means of payment; central bank money; account-based; token-based; intermediating institution; legality; general acceptance; Bank of Japan Act; private law; administrative law; competition law; cyber law; criminal law (search for similar items in EconPapers)
JEL-codes: G20 K14 K15 K21 K22 K23 K24 (search for similar items in EconPapers)
Date: 2019-12-24
New Economics Papers: this item is included in nep-law and nep-pay
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