China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications.
Over the past few weeks, a number of Japanese lawmakers have publicly expressed their preference for a CBDC controlled by the Bank of Japan. The general idea is to counter the soon-to-be-released digital yuan from neighbouring China and prevent it from disrupting the global economy.
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Source: Cryptocurrency - investing.com
