Home » Japan to Issue Digital Currency in Both Public and Private Sectors

Japan to Issue Digital Currency in Both Public and Private Sectors

news - Japan to Issue Digital Currency in Both Public and Private Sectors

Japan is increasing its preparation to issue digital currency in both the public and private sectors following and other countries’ moves on this way.

news - Japan to Issue Digital Currency in Both Public and Private Sectors

The People’s Bank of China is currently planning to roll out the CBDC nationwide.

The central bank rolled out pilot programs that provided 200 digital yuan to each of 150,000 citizens selected by lottery in Shenzhen in October and Suzhou earlier this month.

Hiromi Yamaoka, former Director-General of the Bank of Japan’s Payment and Settlement Systems Department, said the People’s Bank of China to officially issue the digital yuan by 2022 when the country hosts the Winter Olympics and Paralympics.

 

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