What is Monacoin, how to create a wallet and where you can exchange it. Japanese trading: cryptocurrency, laws, exchanges and candles New Japanese cryptocurrency

It has become known that Mitsubishi UFJ Financial Group (MUFG) is planning to launch new cryptocurrency, which will be called MUFG Coin. The corresponding application has already been submitted by a Japanese financial group to the Financial Services Agency. At the same time, representatives of MUFG in lately have repeatedly stated that the new coin will be much better than Bitcoin. So, what is MUFG Coin cryptocurrency?

MUFG Coin and MUFG Trust

So, MUFG Coin is a new Japanese cryptocurrency, which is planned to be launched this year. In particular, a cryptocurrency exchange will be created, backed by the national currency – the yen, as well as a service of separate Bitcoin accounts for users of other platforms.

It should be noted that the new digital coin will be pegged to the Japanese yen in a one-to-one ratio, while changes in the rate after its launch are allowed. According to experts, this will help level out sharp jumps in the value of the new cryptocurrency, and will also make it more attractive to users in the process of making transactions.

The service mentioned above will be intended for MUFG Trust traders and will provide the opportunity to conduct trading without transferring their finances under exchange control. Thus, protecting user coins from potential hacking or unexpected bankruptcy trading platforms. Including through of this service Potentially dangerous activities on the cryptocurrency owner’s account will be monitored and flagged.

Initially, MUFG Trust, which is scheduled to launch in April 2018, will be available only for BTC. This date is due to the likely date for the Financial Services Agency to recognize Bitcoin as an asset that can be transferred under the management of trusts. A fee will be charged for using the server.

Reason for creating MUFG Coin

Experts note that the main reasons for the Bank of Tokyo - Mitsubishi UFJ creating its own cryptocurrency are the following. Firstly, there is the prospect of significant cost reductions using the coin. Secondly, the ability to change the way financial transactions are managed. Blockchain technology is expected to make the transaction process smoother and the banking system more profitable.

By creating MUFG Coin, the Japanese financial group makes a significant contribution to the development and study of cryptocurrencies and the decentralized network.

Just yesterday, all banks and government agencies openly laughed at the concept of cryptocurrencies. But wait - what is this? A Japanese bank, and not an unknown one at that, is talking about launching its own digital currency. It's definitely worth your attention.

Japanese banking and financial holding company MUFG, and also the fourth largest bank in the world, will issue its own cryptocurrency, as reported by local publications and news.

The most influential bank in Japan is the first applicant in the country (and throughout the world, for that matter) to publicly announce the creation of its own token and the corresponding virtual infrastructure for it.

The idea of ​​creating and developing cryptocurrency came to MUFG back in 2016, before the start of the digital boom. Based on the data provided, the launch of the cryptocurrency will be carried out closer to the end budget year in Japan, that is, from April to March 2018.

Based on the blockchain, the Japanese bank token will allow users not only to make instant transfers using the P2P scheme, but also to pay using the token when paying with minimal commissions.

The company also explained that transactions and payments will be processed on a network specifically created for the coin, which will significantly improve the stability and speed of the entire system.

Also interesting is the statement about the possible linking of the coin to the Japanese yen, the local currency, which can and should be regarded by traders as an opportunity to speculate on the value of the asset.

Japan never ceases to amaze

While neighboring Asian countries (China and South Korea) are trying to block exchanges and “squelch” the local cryptocurrency, the Japanese commercial giant DMM Group has launched its own cryptocurrency exchange, where those who wish are given the opportunity to exchange 7 available assets. All this means only one thing - Japan is ready to accept new technologies and use blockchain in everyday life. Ultimately, this approach will definitely have a positive impact on the country's economy as a whole.

The whole world has a lot to learn from Japan, which has always been a center of advanced technology and knowledge. The sooner the stage of regulation of cryptocurrency as a financial derivative begins, the faster humanity will enter into new era- the era of a decentralized digital future.

This year is characterized by a surge in the popularity of cryptocurrencies. During the first half of the year, the digital currency demonstrated amazing dynamics, characterized by an increase in value. Such events have aroused great interest, with many members of the public considering cryptocurrency as an effective investment tool.

After the emergence of the world's first cryptocurrency Bitcoin in 2009, many similar monetary systems began to appear. Today there are about 800 of them.

To get your bearings in this quantity, it is worth considering the current rating of cryptocurrencies in 2018, which have a higher level of capitalization and a high rate at the time of publication.

More on the topic:

10. Stratis

Rate: $16.30

Capitalization: $1,593,187,562

The Stratis cryptocurrency occupies 10th place, but a significant increase in popularity is predicted for it in the near future.

The development of this currency is based on the blockchain system; its authors set themselves the main goal of creating the simplest and most accessible currency possible.

A distinctive feature of Stratis is its unique platform, convenient for working with corporate applications. A team of programmers has developed a flexible, closed-source blockchain system. They took advantage of the latest updates, which ensured more reliable security.

The platform allows you to develop applications in C# and .NET, which attracts companies interested in using cryptocurrency. Users benefit greatly from transaction secrecy.

The Stratis cryptocurrency is developing rapidly, and there is a tendency for a significant increase in the exchange rate and popularity among its analogues.

9. Monero

Rate: $345

Capitalization: $5,383,948,041

Monero appeared 3 years ago, and during this period it was able to get into the top 10 most popular cryptocurrencies of 2018.

Monero is a separate cryptocurrency and is not a fork of Bitcoin. The main goal of its creators is to ensure maximum anonymity of users’ personal data when making transactions, which is guaranteed by the CryptoNote protocol.

CryptoNote's unique code applies ring signatures using one-time keys when making monetary transactions.

A surge of interest in this currency occurred 2 years ago (summer 2016), when unofficial online markets began to use it as a means of payment.

Monero is considered a promising currency that attracts investors with its potential. Developers are improving it and using new cryptocurrency technologies.

8.IOTA

Rate: $3.07

Capitalization: $8,540,644,035

IOTA appeared at the beginning of 2014; it is a unique type of cryptocurrency, which is distinguished by its originality. It has entered the top list of cryptocurrencies and its value has confident prospects, as evidenced by the rather impressive volume of capitalization.

The main task of IOTA developers is to create the Internet of Things, in other words, to ensure communication with gadgets on the Internet. It is a crypto-token optimized for the use of the Internet of Things as a means of payment.

The development of IOTA cryptocoins is based on the Tangle consensus method. The creators made this decision to provide users with free transactions. They also took care of increasing the speed of cash transactions. After all, it is known that with currencies based on the blockchain system, there is a decrease in the speed of transactions, and the commission for making them increases.

7. Dash

Rate: $900

Capitalization: $6,980,825,563

The founder of the Dash cryptocurrency, which he undertook to develop after the advent of Bitcoin, set a goal to make the confidentiality of users’ personal data more secure.

The new cryptocurrency is characterized by the following features:

• Mining new crypto coins does not require too much energy resources.
• Each user has equal rights and opportunities to participate in the development of the monetary system.
• Using not one, but a group of algorithms.

Thanks to the PrivateSend service, transactions are mixed and split into equal parts. After this, the amount of crypto coins is sent to the recipient’s wallet.

If today the Dash cryptocurrency remains in 7th place in the list of the most promising cryptocurrencies of 2018, perhaps very soon its rating will jump to higher positions. This conclusion arises from an analysis of the exchange rate dynamics: over the past month it has increased 10 times.

6. NEM

Rate: $1.13

Capitalization: $10,154,281,280

NEM is a Japanese digital currency created in 2015, widely used in Japan and gradually gaining its adherents from other countries. Its development, based on private network Midzin was intended for use in banking transactions. It attracted the attention of Japan's largest bank (SBI Sumishin Net Bank), which spent three months carefully studying the capabilities of the Mijin system. There is an interesting positive point here - high speed conducting transactions: about 3 thousand in 1 second.

A distinctive feature of this cryptocurrency is the use of original open source code and the use of interesting innovations, in particular, the POI algorithm.

Despite the low cost, the potential of this cryptocurrency is quite high. If you expand it to the countries of the Asian continent, you can count on success. It is impossible not to notice the fairly high capitalization rating of cryptocurrencies, which also confirms the trend towards increasing popularity of NEM cryptocoins.

This digital currency is attractive to experienced traders who prefer to save assets until the right moment, focusing on the long term.

5. Ethereum Classic

Rate: $33

Capitalization: $3,254,056,501

Ethereum Classic is a hard fork of the Ethereum cryptocurrency. Cryptographers disconnected part of the blocks from Ethereum after an error was made in the system, which was taken advantage of by computer scammers, who committed hacker attack and stole one third ($50 million) of the crypto treasury.

Ethereum Classic is on the 2018 list of cryptocurrencies to mine: it is much easier to mine than Bitcoin. Miners are not required to build large-scale farms, spend huge amounts of money on energy resources and renting premises for the miner. To receive new crypto coins, an ordinary powerful PC is enough.

Despite the low rate of Ethereum Classic, its prospects cannot be denied. Crypto traders see it as a real option to make money on stock trading, and investors see it as a tool for profitable investments.

4. Litecoin

Rate: $206

Capitalization: $11,292,850,279

Litecoin was created at the end of 2011 as a fork of Bitcoin.

It has some differences from military-technical cooperation:

• The emission of cryptocoins is significantly higher than Bitcoins (84 million LTC).
• Transactions are completed four times faster (in just 2.5 minutes).

In the mining community, Litecoin is called “digital silver” (Bitcoin is “digital gold”). Litecoin is stable and does not lose its popularity; it is among the top 10 cryptocurrencies of 2018 by capitalization.

It has a lot in common with military-technical cooperation:

• Similar mining method.
• Lack of centralized management.
• Limited emissions.
• User anonymity.
• Inability to cancel a transaction.
• Storing cryptocoins in an electronic wallet, which is part of the entire monetary system.

To become the owner of new Litecoins, mining is used, for which you need powerful computers. As a result, for every correct decision the miner receives a reward in the form of digital coins.

You can also earn them using faucets, which are offered by many services. Buy or exchange digital coins possible at and at exchange offices.

3. Ripple

Rate: $1.68

Capitalization: $65,122,408,104

Ripple is a full-fledged digital money system that appeared in 2012. Its authors pursued the goal of creating a system with maximum security for transactions on any scale. They managed to achieve a stunning effect. Thanks to the use of distribution registries, reliable security is guaranteed for users of the Ripple cryptocurrency.

The Ripple protocol is used in the work of banks and payment networks. The ability to make fast money transfers with low fees and not lose money when converting currencies attracts users. All this contributes to positive forecasts regarding the development of this monetary system.

2. Ethereum

Rate: $1,100

Capitalization: $106,349,358,908

Ethereum, a cryptocurrency that appeared just 2 years ago, has gained the trust of users so much that it took second place in the ranking of the best cryptocurrencies of 2018.

When developing Ethereum, blockchain technology was used. The creator of this cryptocurrency took care of improving this system and introduced “smart contracts” into the development, which open up wider opportunities for use in various fields of activity.

An open platform makes blockchain much easier to operate. This fact was noticed and appreciated by such well-known companies as Microsoft, IBM, Acronis, Sberbank.

Ethereum is a more advanced system than Bitcoin. She introduced an alternative legal system that eliminates the intervention of lawyers or judicial authorities. This is a special open platform for guaranteed computing.

1.Bitcoin

Rate: $12,000

Capitalization: $200,402,547,335

Bitcoin is the world's first digital currency, created in early 2009. According to one version, its author is the Japanese programmer Satoshi Nakamoto. There are opinions that a group of developers is hiding behind this name.

The appearance of this currency changed people's consciousness and opened up a new vision of the nature of money. Cryptocurrency is a serious alternative to the traditional financial system. Experts believe that thanks to its unique qualities, it could qualify for the status of a world currency.

Bitcoins (BTC) are capable of performing all the functions of regular paper money in terms of transactions. More and more trade and service industries are introducing it into the list of currencies suitable for payments for purchases or services. Along with its striking similarity to fiduciary money, Bitcoin has a number of distinctive features:

• Decentralization - the absence of a control center.
• Openness of transactions.
• There is no government control.
• User anonymity.
• Inflation is excluded due to the limitation of emissions to 21 million BTC.

Thanks to the availability of open source, programmers are using it to create many new cryptocurrencies. But Bitcoin firmly holds the leading position and is considered the most successful digital currency in the world.

Cryptocurrency is gradually conquering the minds of people who are interested in everything new that can positively affect the quality of life. Cryptocurrency is attractive due to its ease of use, confidentiality and security. Owners of large capital consider it as the most promising area for investment.

Japanese Internet giant GMO launches Bitcoin mining on new 7nm chips

GMO enters the industrial mining market

GMO Internet, Inc. announced on Thursday the launch of a Bitcoin mining business based on its own “next-generation semiconductor chip built on 7 nm technology.” The company stated the following in its press release:

We will work in new generation mining centers using renewable energy sources and cutting-edge semiconductor chips

At our mining farms in Northern Europe, we will use the latest chips produced using 7 nm technology. The chips will be used for cryptocurrency mining and for joint research with our partners aimed at developing new, promising semiconductor systems.

Citing the abundant renewable energy sources available in Northern Europe, the company says, “we can create mining facilities at minimal cost through clean, low-cost electricity.” The company plans to start mining using 50,000 chips to provide a full capacity of 500 petahashes per second (PH/s). This mining power will allow the GMO mining center to enter the top ten most powerful Bitcoin farms in the world.

GMO's headquarters are located in Tokyo. The internet giant offers a wide range of internet services around the world. The company's business in the field of Internet infrastructure has 8.47 million customers and GMO ranks first in Japan in terms of capitalization. The company's shares are traded on the Tokyo Stock Exchange.

The GMO group consists of 129 entities, as of the end of July this year. One of its subsidiaries is GMO Coin Inc, which offers digital and fiat currency trading. The project launched on May 31st and then changed its name on August 9th to Coin Co., Ltd. In this regard, the company reported:

By starting this project, GMO will continue to support the development of the infrastructure of Bitcoin, which is the “global currency.”

Maining Center GMO in Northern Europe

In the premises of the European GMO mining farm, shelving with air conditioning units will be installed, and the most modern fire extinguishing and security systems will be installed. And the equipment will be powered from environmentally friendly and renewable energy sources. These will be geothermal and hydropower facilities. Each piece of cryptocurrency mining equipment will have a performance of 10 TH/s with a maximum power consumption of only 500 W. This is almost twice as economical as the best devices of this type today, for example, Chinese ASIK Antminer S9

The new mining facility will compete with several existing mining equipment manufacturers, including Chinese company Bitmain, whose Antminer S9 is currently the most sought-after Bitcoin mining system worldwide. The Chinese company uses a 16nm process for its chips, which has been the smallest and most efficient chip in ASIC devices so far. Each new ASIC that Bitmain releases has a power of 14 TH/s and consumes about 1.3 kW. The Chinese company's chips deliver 0.098 J/GHz, making them the world's most efficient Bitcoin production chips, according to the company's website, Bitman.

The second largest manufacturer of mining equipment in the world is Bitfury. They produce 16nm chips and assemble their ASIC cryptocurrency mining devices. The company fundamentally does not sell equipment to consumers at retail, preferring to sell ready-made data centers corporate clients and governments.

Avalon Miner 741 from Canaan

Canaan (formerly Avalon Mining) is based in China and also produces 16nm chips and ASIC devices. The company ships its machines directly to consumers, but produces far fewer devices than Bitmain.

At the same time, Russian Internet Ombudsman Dmitry Marinichev announced last month that Russia, too, plans to enter the race to produce mining chips. Marinichev rebuilt a chip plant that previously produced microchips for Soviet satellites. The Russian coin that Marinichev plans to generate will be called “Russian Miner Coin”. The token will be issued to investors in what may be the world's first public ICO. A Russian entrepreneur wants to raise $100 million in funding to become a leading manufacturer of cryptocurrency mining equipment.

Plans and prospects for the GMO company project

In addition to the production of chips and ASIC devices, as well as the creation of its mining centers in Europe, GMO Corporation plans to organize a large-scale cloud mining service. It is also planned to create the latest next-generation intelligent service platform. To finance the project, GMO plans to actively trade the mined cryptocurrency on exchanges; these operations will undoubtedly add liquidity to the project. The mining business of the Japanese Internet giant is expected to begin operating in the first half of 2018.

Regarding the cost of the project to create a mining center and the equipment production project, including new chips, the company reported:

We will not disclose the specific amount due to a non-disclosure agreement with our alliance partner, but it will represent more than 10% of consolidated non-current assets as ofDecember 31, 2016 (¥3489 million).

What do you think about GMO Corporation's new project? Reportus in the comments below.

TOKYO, April 1. /Corr. TASS Alexey Zavrachaev/. Cryptocurrency, including Bitcoin, has now received the status of a means of payment in Japan in accordance with the law on currency regulation previously adopted by the country’s parliament. At the same time, the document itself states that it precisely performs the function of currency, and the official monetary unit is only the yen.

At the same time, a number of issues related to taxation and accounting of transactions using virtual currency still remain unresolved. It is expected that the Japanese Auditing Standards Board will be able to prepare a unified set of rules in this regard only in six months.

Risk share

Since there are currently no clear rules for regulating transactions in cryptocurrency, and its exchange rate is subject to sudden changes, this carries a fairly large share of risk. “For example, if a company holds funds in bitcoins, then due to the inability to accurately estimate these volumes of funds, it may at some point suffer large losses,” the Nikkei newspaper quotes the opinion of Chikako Suzuki from the auditing and consulting company PricewaterhouseCoopers Aarata .

At the same time, another Japanese expert, director of the Association for the Development of Blockchain Technologies (on the basis of which virtual currencies appeared - TASS note) Yoichiro Hirano believes that of all virtual currencies, Bitcoin is completely safe to use, and its market prospects are very high. “Bitcoin itself is truly safe, since there have been no serious problems with it since the creation of blockchain technologies in 2009,” he noted in an interview with the Mynavi portal.

“There is an opinion that virtual currency is very easy to use for money laundering, since it is traded freely on the market. However, in reality, such transactions are much easier to carry out with regular money. It’s all about the transparency of the Bitcoin market, which guarantees its development in the near future,” - the expert added.

Bitcoins are "virtual money" - online software code that is not regulated by any country or banking regulator. One of the features of Bitcoin is that it is able to guarantee complete anonymity of a person or group of people making purchases with it.

Banking policy

In connection with the entry into force of the new law, Japanese banks plan to get serious about testing blockchain technologies. Especially for this, the Association of Japanese Banks intends to create a new platform by April 2018 for conducting relevant tests by both large and regional institutions. This entire process will take place with the support of the Bank of Japan (Central Bank) and the Financial Services Agency.

The ultimate goal of this project is to explore the use of blockchain technologies for interbank money transfers, which can reduce the associated costs. This is primarily due to the lack of need to maintain large servers to store transaction data.

According to Japanese experts, if this experiment is successful and new technologies are introduced by large banks, the costs of money transfers will be reduced by approximately 5%. This, in turn, will lead to a reduction in banking fees and increase customer demand for banking services.

In the summer of 2016, the Japanese bank Tokyo - Mitsubishi UFJ (BTMU) invested about $10.5 million in the American cryptocurrency operator Coinbase in order to create a new low-cost funds transfer system that allows converting cryptocurrency into cash in bank accounts. At the same time, money transfers within this system will be subject to a minimum commission.

Japanese market

According to Fuji Chimera Research Institute, the volume of cryptocurrency use within Japan in 2015 amounted to 185 billion yen ($1.67 billion). However, experts predict that by 2020 this figure will increase almost 10 times. The most promising market is considered to be mobile payments in online stores.

In addition, the so-called points system is rapidly developing, which the buyer receives as a bonus when making purchases in global network. Thus, the largest online retailer in Japan, Rakuten, has a system of issuing credit cards, with which the client pays for purchases and is credited with a certain number of “points” to his virtual account - one “point” is equal to one yen.

You can use them as virtual currency to purchase goods through the Rakuten website. At the same time, as the number of operations increases, the user is awarded more and more virtual points, and credit card You can link absolutely any current payments, including, for example, utility bills.

Blockchain in Russia

In the summer of 2016, the Bank of Russia announced the creation of a consortium to study blockchain technology. In addition to the regulator itself, it included the largest Russian banks: Sberbank, Tinkoff Bank, Alfa Bank, B&N Bank, Otkritie Bank, as well as the companies Qiwi and Accenture. At the beginning of February, Sberbank Factoring and M.Video conducted transactions based on the blockchain, having developed an encryption algorithm, confirming delivery data.

The first transaction in Russia using blockchain took place in December 2016. It was carried out by S7 Airlines and Alfa Bank. The airline paid one of its counterparties using a letter of credit, and the payment transaction was carried out by Alfa Bank in the form of a transaction based on smart contracts, and this data was recorded in the blockchain.

As for cryptocurrencies, including Bitcoin, the Russian authorities have repeatedly spoken about them in a negative way. In 2014, the Central Bank and the Prosecutor General's Office declared bitcoins a money surrogate, and their issuance in Russia prohibited.