Press Conference by Taro Aso, Deputy Prime Minister, Minister of Finance, and Minister of State for Financial Services
(Excerpt)
(Tuesday, November 27, 2018, 9:10 am to 9:21 am)
[Questions and answers:]
-
Q.
-
I would like to ask about virtual currency. As you have mentioned before, the idea of changing the term “virtual currency” to “crypto-asset” has been brought up by some experts. Although the substance will not change even if its name does, what comments do you have on changing the term?
-
A.
-
It is often said that both “virtual currency” and “crypto-asset” are in use around the world, but I think that “crypto-asset” is perhaps the only term being widely used now.
-
Q.
-
That is why you want to see the term changed?
-
A.
-
If we fail to take this fact into account, people will wonder why we are still using such a term. Since the term “crypto-asset” is in common use around the world, it is simply a matter of thinking it is better to match up our terminology with this trend.
