Japan's MUFG denies it will launch digital currency in Japan next year

December 4 news, Mitsubishi UFJ Financial Group (MUFG) has denied reports about plans to launch digital currencies in Japan next year. Mitsubishi UFJ Financial Group Bank (MUFG) said in a statement on December 4 that it has not yet decided whether the recent business partnership will eventually form a digital currency entity. Earlier, Nikkei reported that Mitsubishi UFJ Financial Group (MUFG) will establish a joint venture with Japanese Internet giant Recruit in 2020. The cooperation will transfer the digital currency operations independently developed by MUFG that can be used for settlement and points services to the new company.