Bank of Japan gearing up for CBDC trials in 2023

Japan gearEd up for Digital Yen CBDC

About CBDC

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BOJ backed Currency

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About the Launch

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Loss of interest in the past

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China Leading the way

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India CBDC launched

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We're on You Tube

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Japan gearEd up for Digital Yen CBDC

Japan gearEd up for Digital Yen CBDC

About CBDC

About CBDC

CBDC is Central Bank Digital Currency. Built on blockchain technology, digital currency is managed & monitored by the central banks

BOJ backed Currency

BOJ backed Currency

Japan's CBDC is backed by the Bank of Japan. It has the full authority over the digital Yen.

About the Launch

About the Launch

Bank of Japan has announced that it will possibly launch CBDC trials in 2023. The trials will include Japan's top banks and some regional banks.

Loss of interest in the past

Loss of interest in the past

In july 2022, BOJ has scrapped its plan to launch CBDC because of available low cost alternatives. Cross-border transactions has revived interest

China Leading the way

China Leading the way

Almost every major economy is focused on CBDC. However, China is leading the race by launching its CBDC in 2020 with 261 million users in 2021.

India CBDC launched

India CBDC launched

Checkout details about CBDC pilot launhc by RBI in India

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We're on You Tube

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