Development of Digital Yen

China’s attitude could influence global crypto-regulations

They say the opposite of love is indifference; and if one thing has been made clear over the last few years, it is that governments and regulators are no longer indifferent toward cryptocurrencies. Countries like China are announcing national CBDCs left, right and center, while regulators across the world have started becoming more receptive, introducing […]

Experts expect Asia to play lead development role across the world

Asia is expected to lead the development of blockchain technology worldwide, with China among the key countries to watch next year, according to experts. Jason Potts, professor of economics and director of the Blockchain Innovation Hub at RMIT University in Melbourne, Australia, said Asian countries, including China, Singapore, South Korea and even Vietnam, are making […]

Japanese Official Calls for Development of Digital Yen in ‘Two-To-Three Years

Kozo Yamamoto, a senior lawmaker from Japan’s ruling Liberal Democratic Party, has called for the development of a digital yen within “two-to-three years” to counter the digital currency initiatives of China and Facebook. According to Reuters, Yamamoto commented a draft proposal for the development of the government’s digital currency will be included in the government’s […]

Urgent Development of Digital Yen to Counter China

Japan has moved up a gear. Yamamoto’s commentary on Libra comes at a time when other lawmakers in the country echo his concerns. Japan is unlikely to issue digital currency soon due to technical and legal issues. But ongoing efforts highlight Tokyo’s pressure on China and Facebook’s progress in digital currencies. Among the major central […]

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