Japan will include CBDC in the country's economic plan

by in Cryptocurrency News

Japan CBDC

Japanese authorities will include the problem of working with the Central Bank's digital currency (CBDC) in the official economic plan.

Related: Japan postpones enforcement of new crypto regulation laws

According to the Cointelegraph, citing local media, the CBDC will enter the Honebuto economic recovery plan, which is part of Japan’s national strategy.

The government will also consider using CBDC when interacting with other countries.

Recall that in early July, the Bank of Japan launched a test of the national digital currency. Despite this, the deputy head of the Bank of Japan, Masayoshi Amamiya, ruled out the likelihood of issuing national digital currency. According to the official, the issuance of such a means of payment would mean a waiver of fiat money.

Also, recall that in April the Japan Financial Services Agency (FSA) adopted Huobi Token (HT), and the eponymous exchange became the first global platform whose native token received permission from a specific jurisdiction. You can read more about this in our article.