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Finance

Japan to launch bank-deposit-backed digital currency in 2022

Top lenders, railway and NTT join trial run for blockchain-based
e-money

[https]
A consortium of over 70 Japanese companies look to launch a digital
currency as early as 2022.   (c) Reuters
TAKERO MINAMI, Nikkei staff writerNovember 24, 2021 08:14 JSTUpdated
on November 24, 2021 17:09 JST | Japan
[                    ]CopyCopied
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TOKYO -- A new digital currency backed by bank deposits is set for a
test run in Japan as early as this year, an effort that will involve
the nation's top banks and about 70 other companies and
organizations.

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