Cryptocurrency News From Japan: Jan. 20-24 in Review

Japanese political party proposes digital currencies.

Japan's ruling Liberal Democratic Party aims to propose a national digital asset in spring of this year, according to some reports.

A parliamentary group of 70 lawmakers will reportedly submit their proposal in February and will note how the currency will act with regard to concerns about individual data security and money laundering.

Bank of Japan and several other central banks evaluate digital currencies.

News of action from Japanese lawmakers coincides with the debut of a research group of global central banks - including the Bank of Japan - that will study the possibilities and limitations of central bank digital currencies, or CBDCs.

Bank for International Settlements Innovation Hub director Benoit Coeure will sit as the group's co-chair, alongside the Bank of England's Deputy Governor Jon Cunliffe.

Binance reportedly removed the Japanese yen from its exchange, just days after seemingly adding support for the fiat currency.

Japanese Finance Minister says no digital assets on the horizon.

Ato noted the importance of the CBDC collaborative group's research efforts, adding that a digital currency must have convenience and credibility.

Tokyo-based crypto exchange and wallet Coincheck settled its first Lisk staking payout this week, totalling 2,251.9 LSK. The exchange first announced Lisk staking capabilities on Jan. 9.