{"id":4176,"date":"2020-10-13T15:24:09","date_gmt":"2020-10-13T15:24:09","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4176"},"modified":"2020-10-13T15:24:09","modified_gmt":"2020-10-13T15:24:09","slug":"is-japan-introducing-a-digital-yuan-the-truth","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/is-japan-introducing-a-digital-yuan-the-truth\/","title":{"rendered":"Is Japan introducing a digital Yuan? The truth"},"content":{"rendered":"
Japan is all set to modify laws and release a digital version of the country\u2019s currency, Yen. According to Kozo Yamamoto, Japan must change its cryptocurrency<\/a>-related laws to promote the\u00a0adoption of digital currencies. Bank of Japan (BoJ) must create some rules to maintain the process of CBDC (Central Bank\u2019s Digital Currency).<\/span><\/p>\n <\/a><\/p>\n Yamamoto mentioned making some changes to the law (including inflation rates and job creation, etc.), according to a Reuters report. Yamamoto stated these points after news about BoJ’s declaration of bringing digital currencies next year, was released on October 9. However, earlier, BoJ was not ready to launch this currency.\u00a0 But, this all changed after seeing China\u2019s success with its digital Yuan. Japan is worried about China’s aggressive mentality, to monopolize the cryptocurrency<\/a> market of Asia, and the rest of the world. We will check out what the authorities will decide later.<\/span><\/p>\n