🇯🇵 Japan and the Digital Yen: A Cautious Approach Amidst the Central Bank Digital Currency Race! 🏦
In the latest developments regarding central bank digital currencies (CBDCs), the Executive Director of the Bank of Japan, Kazushige Kamiyama, confirmed that Japan continues its technical tests for the digital yen, but there are no immediate plans for an official release! 💡 The final decision rests with the government, and part of this hesitation is due to the continued high use of cash in the country.
This cautious approach by the Bank of Japan highlights the divergence in global strategies towards CBDCs. While other countries are rushing towards launch, Japan focuses on ensuring the efficiency and security of payment systems before any final step.
What do you think of Japan's approach? Do you prefer caution and in-depth study or the rapid adoption of sovereign digital currencies? Share your thoughts with us! 👇
#CBDC #Japan #Digital_Yen #Central_Bank_Currencies #Crypto_News #BinanceSquare
