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05 December 2020

30 Japanese Firms to Test Out a Digital Yen - Decrypt

30 Japanese Firms to Test Out a Digital Yen - Decrypt


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However, while Japan’s biggest banks will be in charge of issuing the digital currency in the experiments, other Japanese entities that are not part of the group may still issue their own digital Yen, noted Yamaoka.

The announcement comes weeks after the Bank of Japan, the country’s central bank, said it would engage in pilot experiments with the issuance andscopeof a digital Yen, one that runs seamlessly alongside its current financial system.

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