Bank of Japan discusses digital yen pilot program with 60 companies

Binance News · 2023-07-24T08:09:16.000Z

According to Crypto Intelligence News, the Bank of Japan (BOJ) has begun a series of discussions with 60 companies as part of a pilot program aimed at developing a digital yen. According to a statement from the central bank, the discussions will cover a range of topics, including the business and technical aspects of using central bank digital currencies (CBDC) for retail settlements. Participants include well-known entities such as leading electronics giant Sony, prominent convenience store operator Lawson, the financial arm of automotive giant Toyota and East Japan Railway Co. It is worth noting that the Bank of Japan has not yet made a final decision on whether Japan will continue to issue a digital yen.

The Bank of Japan (BOJ) has begun a series of discussions with 60 companies as part of a pilot program aimed at developing a digital yen, Crypto Intelligence News reported.
According to a statement from the central bank, the discussions will cover a range of topics, including business and technical aspects of using central bank digital currencies (CBDCs) for retail settlements. Participants include well-known entities such as leading electronics giant Sony, well-known convenience store operator Lawson, automotive giant Toyota's financial arm, and East Japan Railway Company. It is worth noting that the Bank of Japan has not yet made a final decision on whether Japan will proceed with issuing a digital yen.