Bank of Japan Reportedly 'Very Interested' in Bitcoin

newsbtc

Last Updated: October 7, 2020 11:41 am

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bank of Japan is reportedly very interested in the bitcoin digital currency. That is according to the bank’s Governor Haruhiko Kuroda — who happens to be the 39th most powerful person in the world of finance, according to Forbes.

Kuroda says that the Institute of Monetary and Economic Studies at the Bank of Japan is studying and watching the digital currency closely, but has no plans to take any form of action on bitcoin — be in good or bad.

“Compared with traditional ways of money transfers and existing electronic money, Bitcoin has both similar and different aspects,” he said in a statement.

It’s unclear just where this could go, but it certainly is positive news that the central bank of Japan is not condemning bitcoin. (via JIJI PRESS)

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.