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Japan Speeds up CBDC Development as China’s Digital Yuan Advances

Top Japanese bankers and officials say digital currency development is a top priority now as the country “trails behind” China and South Korea in similar projects, according to a report by Japan Today. Japan to Move Quick With CBDC Plans The Japanese government has placed digital currency development on an urgent status since this July, Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Japan: Central Bank’s Top Economist to Lead Department Researching CBDC

Japan continues to intensify efforts in its proposed central bank digital currency (CBDC) project as the country’s central bank has appointed its top economist to oversee the department conducting research on CBDC. Japan Getting Serious With Proposed Digital Yen According to Reuters on Friday (July 31, 2020), the Bank of Japan (BoJ) selected Kazushige Kamiyama,Read MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Japan Puts Issuance of Its Digital Currency on “Top Priority”

The so-called Digital Yen – Japan’s upcoming digital currency – is now the “top priority” of the country as it battles the economic implications of the ongoing coronavirus pandemic and seeks to revitalize growth. Digital Currencies a Major Focus Takeshi Kimura, departmental director-general of the Bank of Japan (BoJ), told local news outlet The AsahiRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Japan Central Bank Moving Forward With CBDC Research

The Bank of Japan (BoJ) formed a new team to speed up research into the possibility of issuing a central bank digital currency (CBDC). However, the apex bank has no immediate plans to launch a digital yen. BoJ Inaugurates New Committee For Digital Yen Research According to The Mainichi on Monday (July 20, 2020), theRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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