Japan's biggest bank talks about its digital currency rumors _ Bitcoin development

Japan's big financial institutions want to develop their own digital currency.

Following Asahi's first report in February, many reports have speculated that Asahi, one of Japan's largest banks of total assets, is developing its own digital currency, the –MUFG currency.

The release of the digital currency will allow users to manage digital currencies on mobile devices, according to Asahi today, MUFG is expected to start working in the year 2017.

reported that:

"In this system, users can transfer money from their bank account to the smartphone application." And based on the MUFG currency to the yen at the exchange rate converted into MUFG coins. ”

However, during the interview with CoinDesk, MUFG representatives did not elaborate on the issue of the bank's issue of digital currency.

This February, a representative of the Bank of Mitsubishi UFJ said that the MUFG currency project described in the Asahi News report did not exist.

While there is some uncertainty about today's remarks, a spokeswoman said MUFG is still weighing how to push its block-chain technology experiments to continue.

The spokesperson told CoinDesk:

"The question of how or whether the MUFG currency will be issued has not yet been decided." ”

In the event of a digital currency rumor, MUFG is exploring block chain technology applications to meet business needs. This April MUFG also said that they are working on the concept of promissory note delivery as the center of the certification process.

After September 2015 MUFG decided to join the Distributed Ledger Alliance R3, it cooperated closely with chain of the block chain start-up company.