One of the most widespread Japanese financial corporations Mitsubishi UFJ, plans to launch its crypto before the end of this year.
Mitsumishi Holding is part of the giant Mitsubishi. As noted by the chairman of the group, Hironori Kamezawa, initially, the developers wanted to introduce a coin in the second half of last year. However, due to restrictions on the Japanese banking sector, the corporation's management postponed the release date of the MUFG Coin token for a year.
For the first time, the Mitsubishi group declared its intention to launch crypto in 2016. Two years later, the giant announced the imminent start of testing its token. One coin will be equivalent to one Japanese yen.
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MUFG Coin holders will receive the right to use it as a payment instrument.
Note that in early 2018, Mitsubishi Corporation also reported intentions to originate its crypto exchange.
However, so far, she has not been able to present a program for transactions with digital assets.