Japanese crypto exchange DeCurret works with country’s largest banks to examine infrastructure for digital payments

posted about 1 month ago
Digital asset exchange DeCurret is leading Japan’s three megabanks in a new study group to look into developing a national digital settlement infrastructure. Decurret said on June 3 that the group would seek to define a “direction for the realization of valuable digital currencies in Japan.” Participants include Japan’s leading banks — MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation — as well as East Japan Railway and other non-financial enterprises.

In discussing the project, Decurret spoke to the efficiency and potential of digital currency settlements and the interest in distributed ledger technologies by businesses and some international central banks. The group’s core aims will be to: Discuss challenges and solutions concerning digital currencies and digital settlement infrastructure, to find a consensus toward their realization, and to present a direction for standardizing services and infrastructure.”
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