Japan Launches Digital Currency To Process Clean Energy Certificates

• Crypto exchange DeCurret will launch a digital currency used to issue clean energy certificates.
• The currency is being launched in partnership with 12 Japanese firms including Mitsubishi UFJ, Mizuho, and Sumitomo Mitsui Financial Groups.
• DCJPY, the digital currency will be used by a telecommunications company, Internet Initiative Japan (IIJ).

According to a news report from Reuters, crypto exchange DeCurret announced on October 12 that a group of Japanese companies, including Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui Financial Group, will band together to launch a digital currency by July 2024. This currency will be utilized for the exchange and settlement of clean energy certificates.

According to DeCurret, GMO Aozora Net Bank is set to introduce a digital currency denominated in Japanese yen, known as “DCJPY.” Subsequently, it will be utilized by Internet Initiative Japan (IIJ), a telecommunications comp…

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