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(Reuters) -A group of Japanese firms will issue a digital currency by July 2024 for the transaction and settlement of clean energy certificates, cryptocurrency exchange DeCurret said on Thursday.
Since 2014, China's central bank has been working on a project called DCEP (Digital Currency Electronic Payment) or digital renminbi, [8] often also referred to as the "digital yuan" as it would be backed by the yuan. [9] At the end of 2017, the China's central bank organized a number of banks and institutions to jointly develop the DCEP system.
Suica (Japanese: スイカ, romanized: Suika) is a prepaid rechargeable contactless smart card and electronic money system used as a fare card on train lines and other public transport systems in Japan, launched on November 18, 2001, by JR East. The card can be used across the nation as part of Japan's Nationwide Mutual Usage Service.
The yen (Japanese: 円, symbol: ¥; code: JPY) is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. [2] It is also widely used as a third reserve currency after the US dollar and the euro.
There are several reasons for the yen’s underperformance compared to the dollar, but the main one is clear: rising U.S. interest rates.
The value of Japan's currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar.
Japan: Tokyo: bitcoin/ether exchange, wallet provider, payment service provider, donation-based bitcoin crowdfunding [citation needed] CoinDesk (part of Digital Currency Group) 2013 United States: New York City: news [citation needed] Crypto.com: 2013 Singapore Singapore: cryptocurrency exchange [citation needed] Cryptopia: 2014 New Zealand ...
Digital currency can be denominated to a sovereign currency and issued by the issuer responsible to redeem digital money for cash. In that case, digital currency represents electronic money (e-money). Digital currency denominated in its own units of value or with decentralized or automatic issuance will be considered as a virtual currency.