​​​
  1. Bitcoin not yet proven as credible currency, says Japan FM Taro Aso

Bitcoin not yet proven as credible currency, says Japan FM Taro Aso

Japanese Finance Minister Taro Aso said on Tuesday that bitcoin has not been proven to be a credible currency and that he would watch its developments in the near-term.

By: | Tokyo | Published: December 19, 2017 10:59 AM
Bitcoin, Taro Aso, France,  Japan finance minister, china, bitcoin prices, G20 group, virtual currency, is bitcoin a credibal currency Bitcoin’s prices have risen more than 1,700 percent since the start of the year, triggering worries about a bubble. (Reuters)

Japanese Finance Minister Taro Aso said on Tuesday that bitcoin has not been proven to be a credible currency and that he would watch its developments in the near-term. He made the remark to reporters when asked about his French counterpart’s comment this week that France would propose a discussion on regulating the virtual currency at a meeting of G20 group of major economies next year. “There’s no fixed definition on whether it’s a currency or not. This issue is a difficult one,” Aso said after a cabinet meeting.”It has not yet been proven to be credible enough to become a currency, so I need to watch for a little while more.”He added virtual currencies may be widely used in countries such as China but that they were less common in Japan, where hard currency is still preferred. Bitcoin’s prices have risen more than 1,700 percent since the start of the year, triggering worries about a bubble.

(More details are updated.)

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top