Mitsubishi UFJ Financial Group (MUFG) is launching an initiative to open a new exchange and issue its own virtual currency: the MUFG coin. By controlling the exchanges themselves MUFG plan to suppress fluctuations in the price of MUFG coins in order that they can be used stably for settlement and remittance. The MUFG coin due to their distribution being made available on a centralized exchange can be directly overseen by the bank. In addition the Read More The post Japans Largest Financial Group To Launch Own Virtual Currency appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/japans-largest-financial-group-launch-virtual-currency/