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Nalezeno "Yen": 160

Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022

6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...

Japan’s finance industry awaits clearer picture of digital yen in 2022

5.7.2021
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued

Gold Gundam Statues Go On Sale In Japan For Only $240,000

3.5.2021
Like Gundam? Have lots of money? Well, does a Japanese jewelry company have a product for you. Several, actually.Read more

Japanese Central Bank Starts Testing on Digital Yen

5.4.2021
The Bank of Japan headquarters. The central Bank of Japan (BoJ) has come good on its promises to begin testing a prototype for a digital yen before the end of Spring. Per Reuters, the BoJ has begun a series of tests that will run until March 2022, and will test the “technical feasibility...

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

1.3.2021
The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people...

Bank of Japan’s Year-long Digital Yen Pilot Begins this Spring

22.2.2021
The central Bank of Japan (BoJ) is set to launch a pilot for a digital yen this Spring, although the central bank is still a long way from making up its mind on whether it will push ahead with issuance. Per NHK, the BoJ appears to be aware that China, which is already committed to launching its...

The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases

5.1.2021
The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above...

New York Approves Its First Publicly Available Japanese Yen Stablecoin

29.12.2020
The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses...

New York authorizes first Yen stablecoin operator in the US

29.12.2020
Japanese firm GMO will now be able to offer Yen and dollar-pegged stablecoins to the public in New York

Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

25.11.2020
Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender

A digital yen will make the crypto market ‘more lively,’ says Monex CEO

25.11.2020
Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan's recent interest in central bank digital currency

Japan's megabanks to lead experiment with digital yen

19.11.2020
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents' persistent use of cash?

30 Japan Firms to Collaborate on Private Digital Yen: Reuters

19.11.2020
A group of Japanese companies plans to develop and test a private digital currency that would work alongside cash

Former Bank of Japan exec says Japan will need years to issue digital yen

17.11.2020
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits

Inflation games: Bitcoin competes with fiat on value but lacks volume

14.11.2020
Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies

Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves

6.11.2020
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen...