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Economy

Japan's megabanks dip toes in cryptocurrency waters

Unlike bitcoin, value of MUFJ coin will be fixed at 1 yen

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People queue at a branch of the bank of Tokyo-Mitsubishi UFJ in Tokyo.   © Reuters

TOKYO -- Japanese banks have typically shied away from adopting virtual currencies, but not anymore. Now they are looking to leverage their huge customer bases to jump into the world of cryptocurrencies by offering quick and inexpensive services.

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