Mitsubishi UFJ Financial Group Inc (MUFG). is planning to release its own coin by March 2018. The MUFG coin will have parity with the Japanese yen and will be rolled out to employees of the financial services group first. It will enable standard transactions, such as shopping or transfer of money between individuals, and costs are much lower than a credit card. However, MUFG treats cryptocurrency as an asset, not currency.

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