Japan’s central bank has started planning a central bank digital currency (CBDC) experiment with the country’s major financial players, according to a major newspaper report today. The Bank of Japan is working with three megabanks as well as regional banks in the Asian nation—and next year will trial a digital yen, Nikkei reported Wednesday. If all goes according to plan, the newspaper added, the BOJ may go ahead and release a CBDC in 2026. (Decrypt)
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Japan Kicks Off Central Bank Digital Currency Experiment
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