Bank of Tokyo-Mitsubishi UFJ (MUFG) has revealed that it has developed its own digital currency nicknamed “MUFG coin” as part of its research into blockchain and distributed ledger technology.
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The Japan government is gearing up to regulate bitcoin activity more actively in the wake of the collapse of the now-defunct bitcoin exchange Mt Gox. 
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A deal between exchange Quoine and a payments network will see a bitcoin payment option offered to over 20,000 online and physical merchants in Japan.
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The world over, alternative currencies are helping societies solve key issues. In Japan, volunteers earn redeemable friendship tokens when they care for the elderly.
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All year we have chronicled the various ways nation-states have chosen to mis-categorize and malign Bitcoin.
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There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that
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Japanese politician and bitcoin supporter Mineyuki Fukuda has taken a novel approach to bitcoin research, launching an online crowdfunding campaign to conduct a research tour of bitcoin businesses in the US.
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The CEO of e-commerce empire Rakuten has praised bitcoin and suggested the company could eventually accept the cryptocurrency.
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Author: Eiji Okuyama, Chuo University Since the onset of the global financial crisis which originated in the subprime meltdown in the United States,
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SUZUKA, MIE PREF. – Japan’s first bitcoin ATM was unveiled at an event in Suzuka, Mie Prefecture, on Friday, allowing customers to buy the virtual currency or withdraw cash from their online bitcoin accounts.
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Following the implosion of Japanese exchange Mt.Gox, the Japanese government wanted to clarify its stance regarding the cryptocurrency. According to the Wall Street Journal, the government doesn’t consider Bitcoin a currency. Companies and individuals using Bitcoin don’t need to obtain a banking license or comply with regulatory standards. In other words, Japan could have become a Bitcoin haven for companies willing to avoid regulation at all costs.
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In Tokyo, where Mt. Gox is based, Japan’s top government spokesman, Yoshihide Suga, said on Wednesday that agencies including the Financial Services Agency, the Finance Ministry and the police were collecting information on the Bitcoin trade in Japan, with an eye toward regulatory action.
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Bitcoin prices yo-yoed after one of the world’s biggest Bitcoin exchanges, Japan’s Mt Gox, said it had suspended withdrawals because of a software flaw that would allow people trading the virtual currency to defraud exchanges.
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Bernard Lietaer - Complementary Currencies in Japan Today (@tvanouvelles http://t.co/fV8HmdWnX8)
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Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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