Japan’s central bank to pilot digital currency starting in April

Japan is joining a growing list of countries exploring the possibility of adopting a digital currency, with country’s central bank, the Bank of Japan (BoJ), announcing that it would launch a pilot to test a “digital yen” in April. 
The move comes more than two years after the BoJ made its first step in the space, launching a central bank digital currency (CBDC) proof of concept experiment, in October 2020. 
The BoJ kicked off the first phase of that PoC in April 2021 to test the basic transactions of CBDC, including issuance, payout and transfer. A year later, Japan entered p

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