Largest Bank of Japan to Create Own Stablecoin

Mitsubishi UFJ Financial Group's stablecoin will tied 1:1 to Japanese yen and users will be able to exchange fiat for MUFG Coin instantly through the app
10 April 2019   429

The fifth largest in the world and the largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG), announced plans to launch its own cryptocurrency by the end of this year. Thus, MUFG will be the first Japanese bank to issue its own stablecoin, according to Cointelegraph.

The coin will be tied to 1: 1 Japanese yen. The main focus of the developers made on the practical use of cryptocurrency and its functionality - users can exchange Fiat for MUFG Coin instantly through the application.

It is also reported that about 1,500 bank employees have already taken part in testing the new cryptocurrency. The beginning of the pilot tests of the coin became known in 2017, but then it was positioned as a digital currency for the company's internal operations.

In February MUFG announced the launch of the payment blockchain platform Global Open Network

Poloniex to Bring Back the Trollbox

According to Poloniex owner, the "most frequent request has been, “BRING BACK THE TROLLBOX”, a general topic chat  
19 June 2019   120

Due to numerous requests from users, the Bitcoin exchange Poloniex activated a general chat, better known as Trollbox.

You’ve been asking for it and we’re excited to tell you IT’S HAPPENING: Trollbox is back! Poloniex’s Trollbox is the original forum for traders to talk all things crypto. Our legendary mods are ready to go, armed as always with the mighty Banhammer to maintain order.

Poloniex Team

From now on, traders can again communicate on a wide range of topics without leaving the stock exchange, and moderators will use the legendary ban-hammers in case of violation of the rules.