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Japan to test digital yen in early 2023

Japan to test digital yen in early 2023.

The Japanese central bank stated that the pilot project will be conducted in partnership with three megabanks, with a special focus on CBDC issuance and withdrawal. In addition to the megabanks, several regional banks will also participate in the pilot project.

A final decision on the transition to the digital yen is expected in 2026.

Read more at the link: https://cointelegraph.com/news/bank-of-japan-to-trial-digital-yen-with-three-megabanks