Fake News: Japan’s Largest Bank isn’t Launching a Cryptocurrency

Several crypto media outlets have reported that Japan’s Mizuho, the country’s largest bank, and dozens of others are launching a blockchain product. According to Quartz, however, these reports are false in the extreme: J-Coin has nothing to do with cryptocurrency or even blockchain in general. J-Coin: Definitively Not a Cryptocurrency Rather than a blockchain product, the J-Coin initiative is an effort to modernize Japan’s economy. Roughly 4 in 5 transactions in Japan happen wi