Next month politicians plan to formally submit a proposal to Japan’s government to issue a Yen denominated digital currency,
Reuters reported today.
“The first step would be to look into the idea of issuing a digital yen,” said Norihiro Nakayama, deputy minister of foreign affairs, who is part of a group of almost 70 Liberal Democratic Party lawmakers interested in the topic.
Talking to Reuters yesterday, he continued: “China is moving toward issuing digital yuan, so we’d like to propose measures to counter such attempts.”
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