NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bank of Japan Governor Haruhiko Kuroda: Bitcoin "Cannot Be A Currency"

newsbtc
newsbtc
4 years ago
2 mins 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.

Bank of Japan Logo

Following a policy meeting that recently took place, Bank of Japan Governer Haruhiko Kuroda sounded off on bitcoin is response to reporter questions on Tuesday.

According to Mr. Haruhiko Kuroda, bitcoin simply “cannot be a currency” until it has proven itself to be a reliable in all facets.

“It is not a currency, and I don’t think it is a general means of settlement,” he said, according to The Economic Times. “Without safety or stability in its value, there would be no demand. In that sense, it cannot be a currency.”

The Governor’s comments come in the wake of a series of issues related to bitcoin enterprises, who have time and time again let down their customers. The biggest and closest to home is Mt. Gox. Based in Tokyo, the exchange collapsed earlier this year, losing hundreds of millions of dollars belonging to investors.

Most recently, a Cyprus start-up dubbed Neo & Bee has apparently collapsed as well, running low on capital to keep the business running. The company’s CEO reported discontinued communications and left the country. He broke his silence last week when he said he left Cyprus to find investors, and he’s remained outside of the country due to alleged threats against his family.

It doesn’t end there. There’s a slew of other tales along the same lines (of which I do not have time to recap), so it’s understandable that Mr. Haruhiko Kuroda would take this stance.

The fact of the matter is that bitcoin does need to prove itself. All it needs is time.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 7

  1. FreeJack says:
    11 years ago

    NO WAY…a central banker claiming Bitcoin cannot be a currency? Who could imagine such a thing!

    Reply
    • Rogier says:
      11 years ago

      It’s like asking the postal service in 1995 if they consider email a good replacement for snail mail 🙂

      Reply
  2. Fill in the blank says:
    11 years ago

    Bank of _______ : Bitcoin is not a currency as there is no mechanism by which we can artificially inflate it, thus, not a currency as we understand the term.

    Reply
    • Rogier says:
      11 years ago

      Yep, from a banker’s point of view, something can only be considered “currency” if they have the exclusive control (i.e. monopoly) on its creation, storage, and transactions.

      Reply
  3. Rogier says:
    11 years ago

    Gold has been a fine currency for thousands of years. The exact same principles that made gold a very suitable form of money (and, in fact, a currency) also hold for Bitcoin. Except Bitcoin is adapted to the 21st century: it’s digital, online, direct, worldwide, dividable, and we can even encrypt and backup our money. In a way you can consider Bitcoin to be “Gold 2.0”.

    Bitcoin makes banks absolete – at least for their role as issuer of money and provider of transactions. However, a whole new market and playing field will arise, and the first bank that actually adopts Bitcoin and starts offering Bitcoin-related products and services will make a truckload of money.

    I’m curious to see which country, government or bank will jump aboard the Bitcoin train first. They are most definitely gonna benefit bigtime.

    Reply
  4. hasan says:
    11 years ago

    Interesting, but Bitcoin is just the tip of the iceberg in the
    crypto-currency world. You should do a piece on an alternative coin,
    like Zetacoin. They are about to become one of the major mobile payment
    solutions around Africa, lead developers are in meetings right now to
    make it happen. You can get Zetacoin on most major coin exchanges
    Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than
    Bitcoin. They will be all over the news in the next few weeks! Do a
    research piece on Zetacoin for people who don’t know what alternative
    coins are, or want to get on the bandwagon before they get to $100 per
    coin. Right now they’re only about $0.01 each

    Reply
  5. toufiq says:
    11 years ago

    Interesting, but Bitcoin is just the tip of the iceberg in the
    crypto-currency world. You should do a piece on an alternative coin,
    like Zetacoin. They are about to become one of the major mobile payment
    solutions around Africa, lead developers are in meetings right now to
    make it happen. You can get Zetacoin on most major coin exchanges
    Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than
    Bitcoin. They will be all over the news in the next few weeks! Do a
    research piece on Zetacoin for people who don’t know what alternative
    coins are, or want to get on the bandwagon before they get to $100 per
    coin. Right now they’re only about $0.01 each

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 7

  1. FreeJack says:
    11 years ago

    NO WAY…a central banker claiming Bitcoin cannot be a currency? Who could imagine such a thing!

    Reply
    • Rogier says:
      11 years ago

      It’s like asking the postal service in 1995 if they consider email a good replacement for snail mail 🙂

      Reply
  2. Fill in the blank says:
    11 years ago

    Bank of _______ : Bitcoin is not a currency as there is no mechanism by which we can artificially inflate it, thus, not a currency as we understand the term.

    Reply
    • Rogier says:
      11 years ago

      Yep, from a banker’s point of view, something can only be considered “currency” if they have the exclusive control (i.e. monopoly) on its creation, storage, and transactions.

      Reply
  3. Rogier says:
    11 years ago

    Gold has been a fine currency for thousands of years. The exact same principles that made gold a very suitable form of money (and, in fact, a currency) also hold for Bitcoin. Except Bitcoin is adapted to the 21st century: it’s digital, online, direct, worldwide, dividable, and we can even encrypt and backup our money. In a way you can consider Bitcoin to be “Gold 2.0”.

    Bitcoin makes banks absolete – at least for their role as issuer of money and provider of transactions. However, a whole new market and playing field will arise, and the first bank that actually adopts Bitcoin and starts offering Bitcoin-related products and services will make a truckload of money.

    I’m curious to see which country, government or bank will jump aboard the Bitcoin train first. They are most definitely gonna benefit bigtime.

    Reply
  4. hasan says:
    11 years ago

    Interesting, but Bitcoin is just the tip of the iceberg in the
    crypto-currency world. You should do a piece on an alternative coin,
    like Zetacoin. They are about to become one of the major mobile payment
    solutions around Africa, lead developers are in meetings right now to
    make it happen. You can get Zetacoin on most major coin exchanges
    Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than
    Bitcoin. They will be all over the news in the next few weeks! Do a
    research piece on Zetacoin for people who don’t know what alternative
    coins are, or want to get on the bandwagon before they get to $100 per
    coin. Right now they’re only about $0.01 each

    Reply
  5. toufiq says:
    11 years ago

    Interesting, but Bitcoin is just the tip of the iceberg in the
    crypto-currency world. You should do a piece on an alternative coin,
    like Zetacoin. They are about to become one of the major mobile payment
    solutions around Africa, lead developers are in meetings right now to
    make it happen. You can get Zetacoin on most major coin exchanges
    Bter/Cryptsy/Mintpal. As of today Zetacoin are 1,000 times cheaper than
    Bitcoin. They will be all over the news in the next few weeks! Do a
    research piece on Zetacoin for people who don’t know what alternative
    coins are, or want to get on the bandwagon before they get to $100 per
    coin. Right now they’re only about $0.01 each

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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.

Related News

Bitcoin Price Respects Support Zone

Bitcoin Price Respects Support Zone — Bulls Eye Fresh Rally

Bitcoin price remained supported above the $107,500 zone. BTC is now recovering losses and might aim for a move above...

Aayush Jindal 2 hours ago

Snorter 募資達 160 萬 打造更聰明的迷因幣量化機器人

全新原生於 Telegram 的交易機器人項目Snorter Token (SNORT) 已在預售階段成功募資 160 萬美元,全程不靠過度炒作或虛假承諾。 Snorter 不賣幻想,它提供的是交易真...

estherw 4 hours ago
Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

Ethereum is consolidating above the $2,500 mark, showing resilience amid broader market uncertainty. While bulls have successfully flipped $2,500 from...

Sebastian Villafuerte 6 hours ago
Load More

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.

Related News

Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead?

Ash Tiwari 45 minutes ago
ビットコイン23万ドル予測、注目の仮想通貨プレセールにも期待高まる

Фьючерсы на биткоин восстанавливаются, но сигналы Price Action вызывают опасения

lisachaikina 1 hour ago
Bitcoin

Bitcoin Bull Flag Breakout Confirmed — What Happens Next?

Sandra White 2 hours ago

Premium Sponsors

Press Releases

  • 🚀CRYPTO MINING FIRM launches an APP cloud mining...

    3 hours ago
  • Felpörgő alternatív kriptovaluta a Dogecoin (DOGE) helyett – 650 dollárból 65 000 dollár lehet 4 hónap alatt

    Felpörgő alternatív kriptovaluta a Dogecoin (DOGE)...

    11 hours ago
  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    12 hours ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    14 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.