MUFG Coin developed by Bank of Tokyo-Mitsubishi UFJ aims at facilitation of converting between local and foreign currencies.
The retiring MAS director believes the future monetary system will revolve around CBDCs, tokenized bank liabilities, and stablecoins.
This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond.
Since the regulatory issues have been covered and the law only permits trusted companies to issue the tokens, the move can help restore confidence in stablecoins and cryptocurrencies.
As a giant infrastructure builder and financier, Animoca Brands has seen its ecosystem increase in a very remarkable way in the past few years.
Top American cryptocurrency exchange, Coinbase Global Inc has announced its expansion into the Japanese market.
MUFG will be able to harness its existing financial services to drive the mainstream adoption of the network.
Wall Street’s most-followed index S&P 500 continues its fourth straight week of rally hitting new record highs on Tuesday. While the stock market surges, analysts remain divided over signs of economic improvement.
BNP Paribas has committed to joining the IBM Cloud for Financial Services as its anchor client in Europe. It is the first step in creating an ecosystem for the platform on the European continent.
President Hiroki Kamezawa of Mitsubishi UFJ Financial Group (MUFG) said that there are ready customers to use digital assets in their daily operations.
Rising COVID-19 cases spoil the show for the markets on Wednesday. The U.S. has reported the single biggest spike on June 24 beating all previous records and thereby putting the chances of economic recovery under pressure.