Japanese Officials Are Working on a Digital Currency

Japanese Officials Are Working on a Digital Currency

Japan appears to have reversed its earlier stance on CBDCs as Facebook’s Libra and China’s digital yuan pressure decision makers to release a digital yen. Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. This appears to be a response to fears of a Chinese digital yuan.The planned digital yen would be jointly developed by the government and private companies, and…

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