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

Author

Listed:
  • Kenji Hayashi

    (Bank of Japan)

  • Hiroyuki Takano

    (Bank of Japan)

  • Makoto Chiba

    (Bank of Japan)

  • Yasuhiro Takamoto

    (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.

Suggested Citation

  • Kenji Hayashi & Hiroyuki Takano & Makoto Chiba & Yasuhiro Takamoto, 2019. "Summary of the Report of the Study Group on Legal Issues regarding Central Bank Digital Currency," Bank of Japan Research Laboratory Series 19-E-3, Bank of Japan.
    • Handle: RePEc:boj:bojlab:lab19e03
    as

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    File URL: http://www.boj.or.jp/en/research/wps_rev/lab/lab19e03.htm
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    Citations

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    Cited by:

    1. Sergio Luis Náñez Alonso & Miguel Ángel Echarte Fernández & David Sanz Bas & Jarosław Kaczmarek, 2020. "Reasons Fostering or Discouraging the Implementation of Central Bank-Backed Digital Currency: A Review," Economies, MDPI, vol. 8(2), pages 1-27, May.

    More about this item

    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;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • K24 - Law and Economics - - Regulation and Business Law - - - Cyber Law

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