Japan and China Approach Launching State Digital Currency
The Bank of Japan announced the creation of a Committee on Government Digital Currencies, and six Chinese banks have begun testing digital yuan wallets. According to the Bank of Japan, the Committee was created so that the country’s regulators can interact with the government and the private sector, exchanging information on developments regarding government digital currencies. Further steps for a simplified and efficient implementation of PoC in the banking sector will also be discussed. Last…
