Isn’t Bitcoin a Credible Currency? Opinion of the Japan’s Finance Minister

In recent times, Bitcoin has made a positive impact on the virtual currency market, It has gained a huge price value since last 15 days. But the Finance minister of Japan Taro Aso  has raised his finger to the Bitcoin about it’s credibility. He claimed that Bitcoin isn’t a credible currency yet.

Though Bitcoin is playing an important role in the cryptocurrency and payment system but he said that Bitcoin has to go a long way to become a credible platform.

 

During the interview with Reuters, he said that Bitcoin hasn’t got any recognition and a formal platform. People has to believe in a blind way, so he urged that he will take more time to justify it.

Whatever the case is, japan is one of the countries in the developed world to allow and approve Bitcoin as a legal method of payment system. Japan is a country where 19% of the payment system based on the virtual payment system. So Bitcoin is becoming a popular platform day by day, that’s why the Finance Minister Made a remark regarding this issue.

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