The Japan Institute of Commerce plans to announce a digital yen that will work the same as bank accounts by the end of 2022.

The consortium of 74 Japanese companies plans to announce yen-style digital bank deposits by the end of 2022, the company's general secretary DeCurret said in a statement.

As a white paper, to promote digital money security, this organization, called the Digital Currency Forum, announced a similar model on how to deposit money in a bank. More information that the digital yen will be removed from corporate responsibility.

Members of the Financial Forum include banks such as MUFG Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Japan Post Bank, as well as large corporations and local governments such as Japan Telephone and Telephone. Copper Company, East Japan Railway Company, and Mitsubishi Corporation. . The Financial Services Agency of Japan, the Financial Services Agency of Japan and our operations department.

According to the upgrade data, Alliance plans to launch a major trading experiment using the digital yen in early January. According to the upgrade report, Alliance's industrial circular payments subcommittee, led by Mitsubishi Corporation, will attempt to "kick off" contracts that use digital advantages to address restricted shipping issues. "

According to the release information, the agency will also announce a beta version of the NFT digital currency before 2022.

The focus on the digital currency market is clearly different from the Chinese digital renminbi. The Chinese digital renminbi will be the first digital currency banking company (CDBC) to start from a large corporation. So far, the Chinese digital renminbi has focused on retail sales. .