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.
In an announcement, TaoTao confirmed it has become a wholly owned subsidiary of the group’s SBI Liquidity Market.
Dr. Takayoshi Doi was arrested in connection with allegedly buying $46,000 worth of NEM that had been stolen from the exchange.
Ryozo Himino, incoming head of the Financial Services Agency, has voiced his concern over calls to relax the current digital currency laws.
Bank of Japan has been experimenting with a central bank digital currency, although it is yet to officially develop a digital currency.
Japan’s interest in a digital yen went up a notch after the government included it in its official economic plan. Japan has also been doing extensive research.
The Bank of Japan has been exploring the technical feasibility of a CBDC and in its latest paper; it dives into offline usage for those without smartphones.
Japan has experienced rapid growth in its blockchain industry, a new report has shown. Since 2019, blockchain companies have increased by 30%, the report says.
The group was founded by DeCurret exchange, and includes representatives from three of Japan’s megabanks.
It has come to the FSA’s attention that some financial service providers located overseas were attempting to service Japanese customers.