Cryptocurrency

21/01/19 10:02 UTC-4

The Digital Garage company has reported testing of cryptocurrency with reference to the yen

The Digital Garage project announced the start of testing a crypto-coin with a reference to the yen
The Digital Garage project announced the start of testing a crypto-coin with a reference to the yen

The Tokyo Digital Garage education project group announced a collaboration with Blockstream’s blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
company to explore the possibility of creating a cryptocurrency tied to the Japanese yen, as reported by the CoinDesk news agency.

On January 21, representatives of the Tokyo Digital Garage project group announced official cooperation with Blockstream, a blockchain-company. Joint research will be aimed at exploring the potential for creating cryptocurrency (or several crypto-projects) with reference to the national Japanese yen.

 

SettleNet platform and cryptocurrency

As it is known, one of the subsidiaries of Digital Garage – Crypto Garage, has launched tokens SettleNet, a new platform for testing and developing "stable". According to the founders, the platform was developed in collaboration with Blockstream. The main goal: during the year to test the concept of creating stable Japanese crypto-coins, considering the laws of the country.

In addition, the SettleNet platform will enable all participants (crypto-exchanges and local exchangers) to test and study the work with stable tokens. That is, all licensed crypto-companies in Japan can buy and sell a stable coin through the Blockstream blockchain-network.

The Crypto Garage company announced that the stable coin linked to the yen (JPY) will be exchanged with Blockstream's tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
– Liquid Bitcoin (L-BTC). Now, transactions will be conducted in limited quantities, since the platform is in test mode.

The Digital Garage project announced the start of testing the cryptocurrency linked to the yen in partnership with Blockstream. But, as you know, the cooperation of Chinese and Canadian companies began in 2017, but the variability of the rules of cryptocurrency regulation by Japanese regulators did not provide an opportunity to create an official platform.

Editor: Yulia Krasnaya

See also: "The South African government has announced plans for cryptocurrency"

#Tokyo #Japan #DigitalGarage #cryptocurrency #Blockstream #yen #LiquidBitcoin #SettleNet

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