Japanese Finance Minister Taro Aso: Please do not say the word "virtual currency" and will continue to strictly review the exchange.

According to Cointelegraph Japan, last month (March 26), Japanese Finance Minister Taro Aso responded to a reporter’s question "On the issue of virtual currency" after the cabinet meeting. "Please don't say the word virtual currency." According to previous reports, the "Financial Commodity Exchange Act" and the "Financial Commodity Algorithm Amendment" passed last month stipulated that the name of "virtual currency" was changed to "encrypted assets." However, the Financial Services Department interprets it as just a legal name change, and there is no mandatory change to change the name to a cryptographic asset. In addition, Aso also mentioned the theft of two virtual currency exchanges in the past at the press conference and pointed out the importance of continuing strict scrutiny.