The Bank of Japan has announced it will launch its central bank digital currency (CBDC) pilot, the digital yen, in April. It joins a roster of Asian countries issuing CBDCs.
CBDCs have been rising in popularity for the past few years. The popularity has increased to a level that the crypto-skeptic economist Nouriel Roubini believes that CBDCs might challenge the dominance of the U.S. dollar.
Japan becomes the latest country to join the fray, announcing today its digital yen pilot program.
Source: https://beincrypto.com/japan-cbdc-pilot-go-ahead-april/