Japan is stamping out its CBDC due to lack of interest

According to Asia Times, the Bank of Japan is putting work on a central bank digital currency (CBDC) on hold.

The reason: lack of interest among the population. The available payment services - credit cards, PayPal and Co. - are sufficient.

Since 2021 they have been working on a CBDC in Japan.

CBDC is a virtual copy of a country's currency, programmed on a blockchain but controlled by central banks.

Almost all countries worldwide are working on their own form of a digital central bank currency.

China has already introduced the e-yuan. But things don't seem to be going that well in the People's Republic either .

A digital dollar is high on the Biden agenda.

Critics like Edward Snowden see CBDCs as a major threat to citizens' financial independence . "The government is able to take our money out of our wallets at the touch of a button," says the NSA whistleblower.

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