digital yen – DIGIT INFO

Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year

DIGIT — Wed, 22 Feb 2023 10:20:19 +0000

The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses […]

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Bank of Japan to Launch Digital Yen Pilot Program Next Year

DIGIT — Sat, 26 Nov 2022 07:30:05 +0000

The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions, and experimenting with its functionality in environments […]

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Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance

DIGIT — Mon, 06 Dec 2021 21:49:59 +0000

The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.

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Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022

DIGIT — Tue, 06 Jul 2021 09:50:31 +0000

While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai, explained in a recent interview this week that more clarity on the […]

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