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Japan Accelerates Digital Yen Plans Amidst Global CBDC Race
Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
StripedHyena-7B: The Next Generation AI Architecture for Enhanced Performance and Efficiency
StripedHyena-7B, a new AI model, excels in processing long sequences with its hybrid architecture, outperforming traditional Transformers in efficiency and versatility.
Bank of Japan will test digital yen with three megabanks
Bank of Japan is working with three megabanks and regional banks to issue CBDCs. The pilot will test the issue of Japan's digital yen in 2023. 2026 ruling on digital currency.
Sky Mavis CEO Moved about $3m in Crypto before Disclosing Hack: Bloomberg
Trung Nguyen, co-founder and CEO of Sky Mavis, moved about $3 million in crypto tokens prior to the disclosure details of the $540 million Ronin bridge hack in March, Bloomberg reported.
Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency
The private sector in Japan has joined forces to examine the trial and launch of a CBDC as a way of streamlining large funds transfers and settlements among financial firms.
Over 30 Japanese Firms to Conduct Digital Yen Pilot Test
Major Japanese companies from various sectors will collaborate to engage in a pilot test to issue a private digital currency or Digital Yen.
Japan May Take Several Years To Issue a CBDC says Former BoJ Executive
Hiromi Yamaoka, a former executive of the Bank of Japan believes the central bank will need several more years before it can issue its proposed CBDC.
Bank of Japan Wants to Hear From Public About Digital Yen Development
The head of Bank of Japan (BOJ)’s payments and settlement systems department, recently said that the Central Bank was seeking public opinion on the digital yen.
CBDC Project will Help Enhance Japan's "Settlement System," Says Bank of Japan Executive
Bank of Japan's Kazushige Kamiyama has revealed that the country’s proposed central bank digital currency will enhance the country’s settlement system.
Bank of Japan Puts Top Economist in Charge of CBDC Development
Bank of Japan’s top economist, Kazushige Kamiyama is now the head of payments and settlements and at the helm of Japan’s exploration of its Central Bank Digital Currency (CBDC) project.