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Japanese lawmakers to propose digital currency

January 24, 2020

Japanese lawmakers are mulling over a plan to launch a digital version of the yen, amid concerns over China's plans for a digital yuan and the impact of Facebook’s Libra project, according to Reuters. 

The group, comprised of about 70 members of the ruling Liberal Democratic Party, are exploring a plan to launch a public-private partnership to develop a digital version of the yen that would compete with other digital currencies, according to the report.