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Japan’s CBDC plans to ‘speed up’ in the light of other countries ‘moving ahead’ with theirs
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Competitive Japanese politicians have called upon the country’s finance officials to ramp up efforts towards developing a digital currency.
Notably, of late, most nations have been ramping up their efforts toward developing their own digital fiat. Here, it is noteworthy that Japan has been an important country for cryptocurrencies. But it does not want to lose ground to China when it comes to the development of digital fiat.
As per reports, China’s proactiveness in developing, testing, and launching its CBDC has triggered many nations including Japan. China’s activities are being looked as a potential challenge to the global economic order. To beat the competition, the Japanese government has increased its staff to look into the legal and
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