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Bank of Japan, Cryptocurrency Concern

Japan Finance - US Loans in Excess of $1 Trillion, Japanese Hold Billions

There was a short piece published on a financial education website run by the Bank of Japan that indicates a more cautious approach to cryptocurrencies. There was Q&A that was aimed at the general public and included questions about crypto being considered money or is there a chance that another heist, like the $530 million in January of this year, is possible.

Of course, Japan is still a popular playground for those who are trading cryptocurrencies and it is a country that clearly has momentum. But with the caution expressed by the recent G20 members and questions about the future of crytpo-technology, a Q&A such as the one on this BoJ education site does call attention to public concerns. Public awareness is growing in Japan but again, there seems to be a touch of caution expressed by the powers that be.

Again, we at Classiarius are more focused on the next generation of technology and general topics in crypto and blockchain solutions. We still believe that the March through June period of 2018 will bring change to the cryptoworld that, in the long run, be positive.

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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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