With the addition of George Siosi Samuels as the Ambassador for the South Pacific and Masumi Hamahira as another Ambassador for Japan, Bitcoin Association now has 22 Ambassadors representing 23 countries and territories.
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.
The Liaison and Coordination Committee will focus on facilitating smooth implementation of the proof of concept for the central bank digital currency.
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.
SBI Holdings is investing in Swiss digital currency bank Sygnum, in a deal that could see capital of eight figures invested in the fast growing company.
Nobuaki Kobayashi filed the plan with the Tokyo District Court, setting out how he intends to apportion the firm’s remaining assets between creditors, including former users, who are still awaiting money.
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.
Japan's Study Group on Digital Currency Settlement Infrastructure has announced that a two-layered digital yen will be piloted in 2021.
Toyota Systems has partnered with digital currency exchange DeCurret on the pilot, which will see the participation of the company’s 2,500 staff members.
Seven companies are reportedly preparing to invest in the new platform, which relies on blockchain technology to secure recorded data against risks from external tampering and unauthorized access.
They are seeking to identify the principles necessary for any CBDC, to help other central banks around the world to meet their public policy objectives.