Bank Of Japan To Run Digital Currency Experiment With Country’s Megabanks

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digital currency

Japan’s central bank is planning to run a digital currency (CBDC) experiment with the country’s major financial players.

On Wednesday Nikkei reported that the Bank of Japan had teamed up with three megabanks and regional financial institutionsto start a digital yen trial in spring 2023

If all goes according to plan the BOJ may go ahead and release a CBDC in 2026.

Last week, major financial institutions in the U.S also announced they were working with the Federal Reserve to test a digital currency platform.

Meanwhile, privacy advocates have voiced concerns that CBDCs will allow the state to snoop on citizens’ spending.

Yahoo Finance reports: The BOJ’s experiment will explore how deposits and withdrawals can work with a digital yen, today’s report noted.

A CBDC is a digital version of a state’s fiat currency—like the U.S. dollar or the euro—backed by a central bank. CBDCs are digital assets, but are different from the likes of Bitcoin, Ethereum, or Dogecoin.

This is because Bitcoin and other cryptocurrencies are decentralized; their ledger of transactions is maintained and checked by a distributed network of validators. CBDCs, by contrast, are centralized: a central power—the government or central bank—controls them. Different countries around the world are in different stages of researching and releasing CBDCs.

China is well ahead of the game—some citizens are able to spend the digital yuan. The Bahamas, meanwhile, launched its own CBDC back in 2020.


  1. Always with the red herrings from these alleged Privacy Actors. Piracy acts would be more honest.
    WTF do they need to “experiment” for? Are they stupid, incapable of logical deduction?

  2. Begining of Jesus’s reign is getting much closer. Prophecy is being fulfill at a rapid rate.
    Hang on, don’t give up, the days will be shortened. Please don’t bow.

  3. Recent FTX scandals will never be fully investigated and Pelosi and Biden, Zelensky and many others will keep the spoils. will keep their spoils. Congress, whether D or R, will enact Crypto-currency oversight laws.. not to stifle it or make it more transparent.. the laws will make it all official and sanctioned.

  4. So does anyone really think that the entire planet will turn over all their money to a group of control freak globalists that WILL TRACK EVERY single transaction ANYONE ON EARTH will make?

  5. Bank of Japan, another Rothschild financial family bank. The Rothschild family owns and controls 150 central banks including the Federal Reserve Bank system. The Rothschild’s dictate all the financial policies in the Western world.

    Rothschild family -wiki › Rothschild_family
    The Rothschild family is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), …

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