TechFlow reports that the Bank of Japan (BOJ) has released the results of the second phase of its central bank digital currency (CBDC) proof-of-concept (PoC) experiment and confirmed that its CBDC pilot project launched as scheduled in April.
The second-phase PoC ran for one year from April 2022 to March 2023, testing technical mechanisms for imposing holding limits on CBDCs to ensure financial stability—such as preventing sudden mass shifts from bank deposits to CBDCs—and also evaluated user convenience in initiating and arranging payments.




