Japan's finance ministry plans to launch an expert panel next month to explore the feasibility of a digital yen even though the central bank says it has no concrete plans to issue a CBDC. By amitoj
The panel is expected to discuss the creation of a framework for a digital currency using the findings of more than two years of proof-of-concept experiments conducted by the Bank of Japan.
A digital yen pilot program involving the BOJ and other financial stakeholders starts at theThe ministry plans take into account the opinions of the panel and prepare for the possible introduction of a digital yen even though BOJ officials have said they don't have any plans to issue one, according to the report., Kyodo reported earlier this week.
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