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Japan To Implement Bank-deposit-backed Digital Currency in 2022

A new digital currency backed by bank deposits is set for a test run in Japan as early as this year, an effort that will involve the nation's top banks and about 70 other companies. From a report: The test run will focus on the digital currency's feasibility for business transactions, such as large payments between companies. The group aims to bring the currency into circulation as soon as the latter half of 2022. The Digital Currency Forum announced the trial on Wednesday. The Forum includes MU...
Tags: Japan, Tech, Forum, Tokyo, Digital Currency, Holdings, Japan To Implement Bank, Digital Currency Forum, Mitsubishi Corp Kansai Electric Power, Internet Initiative Japan