digital yen News and Articles

Hiromi Yamaoka, former head of financial settlements at the Central Bank of Japan, advised the public not to use the digital yen in any way. The most surprising thing in this situation is that Yamaoka while working at the Central Bank, was directly involved in the development of the state...

Back in July, some details of the project to create the Japanese digital currency (CBDC) became known. The CBDC concept is going to be formed in 2022. This week, Japanese media reported that about 70 companies and banks are planning to participate in the development and testing of the token. An...

During the last week, Shinichi Uchida, Japan's central bank spokesman, said that the regulator plans to integrate the digital yen into the existing payment infrastructure. That is, the Japanese authorities do not want to reform the financial sector and adjust it to the token. Uchida stressed that...

The Bank of Japan announced the start of the first stage of testing the national digital currency. At the end of last year, it became known that Japanese banks will take part in testing the CBDC. During the first stage of testing the token, the regulator will assess the possibilities of CBDC as a...

There are a growing number of countries around the world wishing to issue a CBDC. The Japanese authorities have repeatedly stated that, if necessary, the central bank can launch a token pegged to the yen. This week, the head of the Central Bank Haruhiko Kuroda confirmed that the regulator may soon...