Share this article
Japan Is Seriously Considering a Digital Yen: Report
As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year's policy agenda.
By Paddy Baker
Updated Sep 14, 2021, 9:31 a.m. Published Jul 15, 2020, 12:09 p.m.
As allies and rivals move in on their central bank digital currency (CBDC) plans, Japan is now said to be seriously considering a digital yen.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The government is set to examine the possible launch of digital yen as part of this year's policy agenda, the Nikkei reported Wednesday.
- Senior lawmakers for the erstwhile cash-addicted country have been calling on the government to collaborate with its allies on a CBDC since early February.
- The Bank of Japan already said this month it was experimenting with a CBDC but said there were no immediate plans to launch one.
- Geopolitical rival China is close to launching its own CBDC; major companies are already in advanced discussions to test it as a new payment option.
- The Bank of England's governor said this week that the U.K. central bank was also seriously considering a CBDC.
See also: Japan’s Biggest Banks Are Talking About Building a Digital Payments System
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
