Bank of Japan to trial digital yen with three megabanks

Cointelegraph

Published Nov 23, 2022 08:13AM ET

Updated Nov 23, 2022 10:00AM ET

Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen.

The Japanese central bank has started a collaboration with three megabanks and regional banks to conduct a CBDC issuance pilot, the local news agency Nikkei reported on Nov. 23.

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