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This collaboration intends to test or private permissioned the power of blockchain technology. Like many other companies, MUFG moving real funds over RippleNet.

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Japan Banking Giant Mitsubishi Goes Crypto With Own Coin
Mitsubishi UFJ Financial Group Inc. is in talks with companies behind popular global stablecoins as well as other firms about issuing such. Mitsubishi UFJ Financial Group, Japan's largest bank, is reportedly set to launch its own cryptocurrency in FY Bank of Tokyo-Mitsubishi UFJ (MUFG), the largest bank in Japan, has revealed that it is developing its own digital currency called MUFG coin.

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Inside ETFs Conference Impact Investing. MUTB and Binance Japan are running a joint study on issuing stablecoins pegged to sovereign currencies like the yen that comply with local laws � but the stated goal is driving Web3 adoption in the country. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity.