Expert panel suggests Japan should issue CBDC immediately
A government team commissioned by the Ministry of Finance, composed of university professors, industry experts, and top think tank researchers, has investigated the feasibility of a Central Bank Digital Currency (CBDC) for the Japanese yen. The team studied the opportunities brought by the digital yen, its demand in the current Japanese economy, as well as the challenges and risks it brings and faces. The team recommended that the Bank of Japan (BOJ) immediately issue a digital yen and give it legal currency status. The team believes that CBDC should coexist with cash and stated that the basic stance should be that CBDC will supplement, not replace, cash.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Optimism Plans Ethereum Pectra Upgrade for April 2025

XRP Faces Potential Price Collapse Amid Bearish Indicators

World Liberty Financial Completes $550 Million Token Sale

Ethereum’s ETH/BTC Pair Faces Potential Downturn Amid Weak Market Signals for 2025
Trending news
MoreCrypto prices
More








