Japan set to deploy digital yen pilot in April

Policy

After two years of experiments conducted by the Bank of Japan (BOJ), the launch of a digital yen pilot program is finally scheduled for April. According to a report from Reuters, BOJ executive director Shinichi Uchida said in a meeting with private-sector executives that their “hope is that the pilot programme will lead to improved designs through discussion with private businesses.”

Related news

Policy
Mar. 29, 2023

What the Bank of England’s Stablecoins Regime Could Look Like

The U.K.’s central bank wants to protect citizens against the collapse of large stablecoin issuers by updating an existing regulatory regime – a move which is imminent. Global standard setters are working on norms for stablecoins, especially as ...
Policy
Mar. 29, 2023

FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Delayed

A Delaware bankruptcy judge has approved the $45 million sale of FTX’s assets in Sequoia Capital Fund to the investment arm of Abu Dhabi, a Tuesday court filing shows. In a declaration requested by FTX on March 8, Judge John Dorsey declared th...
Policy
Mar. 29, 2023

The Algorand Foundation Branches Out to India

Blockchain protocol Algorand ( ALGO ) has entered the world’s most populous country, India, with a project that aims to support the nation’s transformation from the back office of the Web2 world to the innovation hub of the Web3 world, two senior...