Legislators Work On Proposal For Japan To Create Its Own Crypto

Japan Legislators Work On Proposal For Crypto | PYMNTS.com

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency. However, Japan is not likely to issue crypto in the near future because of the legal and technical obstacles, Reuters reported.