[2016-06-15] Firstpost: Bank of Tokyo confirms its testing its own currency

[polynesia]

Bank of Tokyo- Mitsubishi confirms its testing its own digital currency

http://tech.firstpost.com/biztech/bank-of-tokyo-mitsubishi-confirms-its-testing-its-own-digital-currency-320789.html

Bank of Tokyo-Mitsubishi UFJ (MUFG) confirmed on Tuesday it is conducting experiments on a digital currency utilising the technology behind the virtual currency bitcoin. The statement came following a report from the Asahi Shimbun newspaper last week that the bank will soon issue a virtual currency that will be available next year.

“Regarding the speculation (in) media reports, these reports are not based on any announcement by MUFG, and the details have not been decided,” the bank’s spokesman said in an emailed statement to Reuters. “However we can only say that it’s true that MUFG is conducting demonstration experiments on the ‘Coin’ within the company utilizing a block chain technology.”