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Tuesday

24 November 2020

Japan's megabanks to lead experiment with digital yen

Japan's megabanks to lead experiment with digital yen


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Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.

Earlier this week, Yamaoka identified the challenges that digital yen issuance poses both for the Bank of Japan and private financial institutions, including the potential for major outflows from private bank deposits

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cointelegraph.com
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