The Bank of Japan to launch its CBDC pilot before May By Cointelegraph
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Japan, a nation where foreign stablecoins like (USDT) are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test a model of a CBDC ecosystem.
On Feb. 17, the Bank of Japan (BoJ) released the opening speech of its executive director Shinichi Uchida at a CBDC committee meeting. In it, Uchida announces that the Bank decided to launch a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021.
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Japan, a nation where foreign stablecoins like (USDT) are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test a model of a CBDC ecosystem.
On Feb. 17, the Bank of Japan (BoJ) released the opening speech of its executive director Shinichi Uchida at a CBDC committee meeting. In it, Uchida announces that the Bank decided to launch a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021.
Continue Reading on Coin Telegraph
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