Central bank Digital Currency: Japan with proposal to issue digital Yen.

Central bank Digital Currency: Japan with proposal to issue digital Yen.


A group of lawmakers from Japan, with proposal to issue digital Currencies presented it to the Government, to counter the latest developments of issuance of CBDCs.

It's a fever lately, from Central banks to study and want more knowledge about the CBDC, recently the Bank of Japan (BOJ), joined forces to explore more usecase of the digital Currencies with other Central Nation Banks.

The world Financial world is embracing the Blockchain Technology and more worldwide nations have intentions to create own digital currencies.

The Mao Tse Tung country is leading this race, to issue their digital yuan, and the research for that begun in 2014, China intent to substitute the paper money with the digital currency.

Japan is exploring the digital currencies, with association from more five Central banks that include the Bank of England (BoE), the European Central Bank among others.

We are living in a fever of the Blockchain based CBDCs, and Banks looking for cheaper, faster and very efficient way of global payments.

**Header image from pixabay.com


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