A consortium of 30 formidable Japanese companies from sectors including banking, telecommunications and retail have announced a collaborative effort to begin testing and experimentation on a country-wide digital currency.
Initially reported by Reuters, the project is scheduled to begin in 2021 and supports the trajectory of recent announcements made by the Bank of Japan to begin testing a Digital Yen. In this project, market experimentation in terms of issuing the currency will be conducted by private banks.
Cashless Vision
The Japanese government has been actively engaging in the ideal of a cashless society for the last few years. With a historical yearn for cash, Japan’s statistics for cash usage plot an outlier in the Asian markets. One could say that Japan has a yen for the Yen!
According to the 2018 World Cash Analysis, Japan also lacks behind many of their developed-nation counterparts on the global stage. Analysing cash as a share of all payments, Japan comes in third with 82%. The gap is contextualised by the UK’s figure at 42%, China’s at 40% and the US at 32%.
With the Olympic and Paralympic Games on the horizon for next summer in the capital Tokyo, the government has genuine incentives to begin construction of the financial infrastructure and societal usability of digital payments needed to accommodate the influx of foreign tourists and spectators.
Comments
Chair of the Group and former BOJ executive, Hiromi Yamaoka discussed the projects vision during an online call: “Japan has many digital platforms, none of which are big enough to beat cash payments.”
The three largest banks in Japan: Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group have each independently integrated digital payment within their systems.
However, due to the lack of cohesion in development, the traction in adoption within society has been slow. Yamaoka believes that a unification must take place between banking and technology to successfully transition the country into this new economic age. A prime reason why this group was formed.
“We don’t want to create another silo-type platform. What we want to do is to create a framework that can make various platforms mutually compatible.”
Japan are by no means alone with this announcement. Throughout the past year, the competition for digital currencies has risen, as multiple central banks issued plans to begin testing and developing their own Central Bank-issued Digital Currencies (CBDCs).
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
