The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.
Digital Yen Would Make Crypto Markets โMore Lively,โ Says CEO of Monex Group
Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.
30 Japan Firms to Collaborate on Private Digital Yen: Reuters
A group of Japanese companies plans to develop and test a private digital currency that would work alongside cash.