Japan’s CBDC to Get a Clearer Picture by 2022, Says Government Official: Report
The official also said more details on the CBDC's design may kick up a debate on how its issuance could impact financial institutions.
Coincheck, one of Japan's largest crypto exchanges, banked its parent 9 billion yen (US$82 million).
It marks a significant step for Ripple looking to cut in a slice of the $1.8 billion in yearly remittances from Japan to the Philippines.
It may be the time to reconsider the exclusion of crypto in the 2019 agreement, according to experts from the Rand Corporation.
The move is a sign of increasing concern that new forms of private money could disrupt Japan's financial system.
Investors say the men ran a crypto scheme known as the "Oz Project," which purported to automatically trade through the use of AI.