Bank of Japan and three major banks testing the digital yen

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Despite Japan’s uncertainty about issuing a cryptocurrency to the central bank, the Bank of Japan is still testing the future digital yen.

According to a regional news article, the Central Bank of Japan started the CBDC release trial in collaboration with three major banks.

This pilot program aims to provide a demonstration test of Japan’s national digital currency in digital yen, which will be released in spring 2023.

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