Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years

[newshunter]

Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years

Japan is worried about the soon-to-be-released Chinese CBDC, as it might disrupt the global economy. Local lawmakers suggest developing a digital yen to counter it

Source: Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years

Would appreciate your opinion about this

[Fenix]

In fact, Zuckerberg with his Libra coin launched a very strong growth wave of stable coins of various states. This coin made so much noise and frightened the governments of various countries so much that after that many chose the creation of national stable coins as a means to protect their economies. True, they say that the Chinese government has been developing its stable coin for many years. However, this may be a manifestation of the isolation of the development of this country, which is always trying to find its own path of economic development, and I must say that it is not unsuccessful. Therefore, in the near future we will see a boom of stable coins of various states.