Japanese Officials Are Working on a Digital Currency
Cointelegraph By Andrey Shevchenko's original article for cointelegraph.com reduced by 77%
Ruling party lawmakers in Japan are reportedly working on a proposal to issue a national digital currency, Reuters reports on Jan. 24. The decision represents a cardinal change for the country, whose central bank representatives saw "No demand" for a central bank digital currency as late as December 2019.
The announcement of Facebook's Libra and China's digital yuan pushed central banks around the world to look into issuing their own CBDCs.
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