March 28, 2024

Japan moves to second stage of CBDC development

The Central Bank of Japan The Bank of Japan is preparing to move to the second stage of its digital yen project, which includes three largeblock.

According to the official position of the Bank of Japan, the release of the CBDC is not necessary, since the regulator carefully monitors developments in the EC, China and the United States in order to make a perfect

The actual moment is unknown, how much timewill take the second stage, which will be started in the spring of this year. This will be followed by the third stage - a pilot project with the participation of private business and consumers, who will actively participate in testing practically in the vicinity.

Japan has shown some interest in the study of starting up CBDC mainly because of the fact that China has taken the lead, having made the actual test of the digital training.

Gradually, Beijing is approaching the release of its token and is preparing its spread across the entire country in front of the Winter Olympic games, which are about 20

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