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Kuroda Joins Chorus of Central Bankers Casting Doubt on Bitcoin
Bank of Japan Governor Haruhiko Kuroda joined the chorus of central bankers chiming in on Bitcoin following its latest surge and slide. “Most of the trading is speculative and volatility is extraordinarily high,” Kuroda said in an interview Thursday. “It’s barely used as a means of settlement.” His remarks resonated with similar comments by his peers. Federal Reserve Chair Jerome Powell said in April that cryptocurrencies are simply vehicles for speculation. Likewise, European Central Bank Vice President Luis de Guindos says the tokens shouldn’t be seen as real investments. Bank of England Governor Andrew ... (full story)