The Bank of Japan (BoJ) is testing a prospective digital yen despite Japan’s uncertainties on whether to launch a central bank digital currency (CBDC). According to a November 23 article by the regional news agency Nikkei, the Japanese central bank has begun working with three megabanks and local banks to execute a CBDC issuance trial. BoJ to Experiment Digital Yen Beginning in the spring of 2023, the pilot program will offer experimental tests for issuing the digital yen, Japan’s national digital currency. The BoJ is anticipated to work with significant private sector banks and other organizations as part of the The post Bank of Japan (BoJ) Kicks Off CBDC Experiments With Megabanks appeared first on Cryptoknowmics-Crypto News and Media Platform .
