Japan Banks to Have Their Own Cryptocurrencies

Japan Banks to Have Their Own Cryptocurrencies

Three of Japan’s biggest banks namely: Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group have canceled a joint project of a blockchain-based peer-to-peer money transfer service. But Both Mizuho Financial Group and Mitsubishi UFJ Financial Group are developing their own digital currencies respectively named J-Coin and MUFG Coin.

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