Government Moves: Exchange Operators and Industry Insiders

government moves: Public trust in the electronic money is expected to improve as the government moves to protect consumers by introducing stricter controls on exchange operators, according to The Japan Times. But in the long term, how deeply cryptocurrencies will penetrate people's lives is still anybody's guess. Markets in Japan are no exception. ; Industry insiders say cryptocurrencies will spread more widely, establishing their position as an asset class and enabling their use in more stores. Some experts say many people won't partake because the currencies are too difficult to use and understand. One bitcoin traded for less than 600 about a year ago, but became worth more than 4,000 this month. The value of virtual currencies has skyrocketed in the past year or so. (news.financializer.com). As reported in the news.