Against the Tide of Other Major World Powers, Japan Wants Nothing to Do With CBDCs.

Bitcoin and cash will always be more trusted than a CBDC...

It turns out that the Japanese simply don't need a digital version of their national currency. The island's financial cyberspace is already teeming with a plethora of optimized, cheap banking services and fintech tools.

Cash is also still popular in Japan, with 80% of all purchases made in cash last year. The government wants to increase that to 60% by 2…