Bank of Japan to issue experimental digital yen in 2023
The central bank stated that the pilot would be conducted with a trio of mega banks and regional banks with a keen focus on the issuance and withdrawals of the state-backed digital currency.
Latest digital yen News
Japan’s credit bureau to pilot CBDC cards ahead of full-scale launch
In collaboration with France's IDEMIA and Malaysia's Softspace, the Bank of Japan will pilot a project in preparation for the full-scale CBDC launch, beginning with a touch payment infrastructure.
Bank of Japan begins second phase of CBDC testing
The BOJ completed the first phase, which started in April last year, in which it focused on the basic functions of a CBDC, such as issuing and distribution.
Japan’s digital yen to prioritize simplicity and interoperability
Japan’s central bank will uphold simplicity in its design of a CBDC, with a senior official saying this is key in making it interoperable with payment systems.
Japan forms unit to oversee digital currencies as it steps up regulation efforts
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
The CoinGeek Pulse Episode 39: Celebrity investors eye next NFT, Tokenized releases API, and Japan takes first step to future with digital yen
A list of celebrity tech investors is looking into the latest buzzword in the blockchain industry—non-fungible tokens (NFTs).
Japan central bank kicks off digital yen feasibility study
The central bank of Japan has started the first phase of a feasibility study with a goal of testing the CBDC’s basic functions including issuance, distribution and redemption.
Japan eyes central bank digital currency experiments in 2021
Bank of Japan Governor Haruhiko Kuroda stressed the need for Japan to prepare thoroughly for a time in which it may need to issue a digital yen.
Japan to launch a CBDC feasibility study in 2021: report
The Bank of Japan is reportedly conducting research on a digital yen as it aims to keep up pace with neighboring China.
Digital yen will take years, ex-Bank of Japan executive says
Hiromi Yamaoka, the former head of payment and settlement systems at the central bank, said the Bank of Japan still has some distance to go before it can launch a digital currency.
Bank of Japan publishes a CBDC report, to start pilot programs in 2021
The Bank of Japan believes that there’s a possibility of a surge in public demand for a CBDC, considering the rapid development of technological innovation.
Bank of Japan top economist to lead digital yen initiative
Kazushige Kamiyama has been appointed to head Bank of Japan’s payments and settlement department.