On Friday (9 November 2018), MFUG Bank, the principal banking unit of Mitsubishi UFJ Financial Group (MUFG), the world's fifth largest bank (by total assets), announced the signing of a Memorandum of Understanding (MOU) with Banco Bradesco, one of the largest banks in Brazil, to collaborate on the development of a new cross-border payment service, using Ripple's technology, between Japan and Brazil.
Japan’s First Bank of Toyama has entered the fray in launching a state-owned cryptocurrency. Though the full details are yet to be released, it’s been confirmed that the stablecoin will be backed by a one-to-one ratio with the Japanese yen.
Japan’s Shinsei Bank has signed a Memorandum of Understanding (MoU) with blockchain startup ConsenSys to widen its exploration of the technology’s applications for finance, Cointelegraph Japan reports Nov. 8.
Cybersecurity experts say they have found potentially incriminating evidence against the hackers of Japanese crypto exchange Zaif, according to an official statement today, Nov. 5. The experts are from Japan Digital Design Co. (JDD), a subsidiary of bank holding giant Mitsubishi UFJ Financial Group (MUFG).
What do we really know about the growing industry of cryptocurrencies in the Land of the Rising Sun? What and where can be bought in Japan with crypto? What is the attitude of the authorities towards digital assets after adoption of the regulatory legislation?
At the SBI Financial Results Briefing, SBI Group CEO Yoshitaka Kitao announced that the firm has already begun the discussions to create a project for R3 that uses Ripple (XRP) more extensively. “We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Kitao ...