The Bank of Japan (BoJ) will launch a pilot program in April to test its central bank digital currency — the digital yen.
According to BoJ Executive Director Shinichi Uchida, the program aims to achieve two goals: “First, to test the technical feasibility… and second, to utilize the skills and insights of private businesses in terms of technology and operation for designing a CBDC ecosystem in the possible event of social implementation.”
The program will not involve actual transactions between retailers …
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