BoJ: “Let’s think about cryptocurrencies!"

Bloomberg reports on the Q & A page posted by the Bank of Japan (BoJ) on Bitcoin, cryptocurrencies etc. on its 'The Central Council for Financial Services Information' website.

Main Points:

“Let’s think about cryptocurrencies!"

Gives a basic overview of cryptocurrencies.

How they're different from traditional currencies.

Notes there's no central bank to back them up.

Details how you won't necessarily profit from investing in them.