BankofJapan CBDC centralbankdigitalcurrency digitalyen Japan to experiment with the issuance of a digital yen in 2023
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The next phase of the central bank’s investigation will involve a collaboration with three megabanks and regional banks in the country to conduct a CBDC issuance pilot aimed at providing demo experiments for the issuance of a digital yen beginning in spring 2023. This phase of the experiment is scheduled to last for roughly two years, which will give the BoJ ample time to evaluate the system and decide whether it wants to officially issue its digital currency by 2026, the report said.
Yesterday, Kitco reported that the Reserve Bank of India has announced its intention to move forward with the next phase of its pilot program for a retail digital rupee following the completion of trials for a wholesale digital rupee. The retail digital rupee trial is expected to start in December.
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