Japan Finance Minister does not know what bitcoins are

Japanese Finance Minister Taro Aso on Friday expressed eagerness to hold discussions with other ministers and government agencies about what is behind the recent trouble in the “bitcoin” virtual currency market.

“We do not clearly know what bitcoins are, so we have to start studying it,” Aso said at a press conference, referring to the sudden shutdown earlier this week of all transactions on Mt. Gox, a major bitcoin exchange based in Tokyo.

Aso added there is a group in the ruling Liberal Democratic Party that is studying the bitcoin market.

https://www.youtube.com/watch?feature=player_embedded&v=PpXdJFu0nig

  • Brandon Strandman

    WHAT? OMG those retrogrades are pissing me off! How is that possible in 2017?
    They try to regulate it – ok, I can understand that, but ignoring cryptocurrencies?! Jesus!