Bank of Japan: No Big Problems With Bitcoin So Far

It's not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan Director-General. Bank of Japan Director-General of payment and settlements, Hiromi Yamaoka, explained, "There's undoubtedly growing interest among global policymakers on how to deal with cryptocurrencies. Japan's approach would be to think about how to curb excesses without discouraging innovation," Mr. Yamaoka told Reuters. There is also the fact that Japan has relatively long experience with the likes of bitcoin, and powered through its greatest scandal, Mt. Gox, without overreacting. Do you think Japan is taking the right approach to bitcoin? Let us know in the comments section below.
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