Central bank and government to observe effort run by railways, telcos, industrial titans, and private banks.
A group of over 70 Japanese organisations have decided to create their own blockchain-backed digital currency.
The Digital Currency Forum is the entity behind the currency, which has been provisionally dubbed DCJPY. The Forum's membership includes four private banks, telcos, railway operators, and industrial giants such as Mitsubishi. Japan's central bank, Financial Services Agency, and three relevant ministries all have observer status.
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