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Japan Partners with Megabanks on 2-Year Digital Yen Experiment

Japan Partners with Megabanks on 2-Year Digital Yen Experiment

The Bank of Japan (BOJ) is planning to kick off a two-year digital yen project by the spring of 2023 in partnership with three of the country’s megabanks and regional banks. The top three banks in Japan are Mizuho Financial Group, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group.

Nikkei reports that the central bank digital currency (CBDC) project will test for possible deposit and withdrawal problems that could a... Read More

Posted: Nov 23 2022, 20:10
Author Name: financemagnates
Views: 110190

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