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Bank of Japan chief doubts Bitcoin’s future as a currency

Posted on 09 April 2014

The head of the Bank of Japan today cast doubt on Bitcoin’s future, saying the scandal-plagued digital unit “cannot be a currency” unless it proves its reliability.
The computer-generated currency has suffered a series of blows since February when the Tokyo-based Bitcoin trading exchange MtGox filed for bankruptcy, after admitting it had lost about half a billion dollars of the virtual unit. Unlike most currencies, Bitcoin is not backed by a government or central bank………………………………………..Full Article: Source


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