Today news
About the same in other media
Japanese megabanks join consortium launching yen-based digital currency
Reading now: 463
A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong signal that the private sector was embracing blockchain-based payment systems.
The new digital currency, dubbed “DCJPY,” will be backstopped by bank deposits and rely on a common platform to expedite large fund transfers and settlements among the participating companies, according to Kazuhiro Tokia, the chief executive of cryptocurrency exchange DeCurret.
DeCurret is leading the consortium, which includes banks Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group. The consortium also consists of
Read more on cointelegraph.comAbout this in other media
Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022 cryptonews.com /2 years ago
Crypto world claims digital currency is panacea but truth somewhere in between: CEA KV Subramanian economictimes.indiatimes.com /2 years ago
China’s Digital Currency Challenge: Winning Hearts and Minds wsj.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
