27 Jul '14, 11pm

Japanese banker seeks to rebuild trust in Bitcoin - CoinTelegraph #bitcoin

Japanese banker seeks to rebuild trust in Bitcoin - CoinTelegraph #bitcoin

The Mt Gox fiasco is still very much in the news as creditors argue with the court appointed liquidator and offers are made for the assets of the bankrupt exchange. When the news of the huge losses was released to the general public it had a serious negative effect on the price of Bitcoin which it is just now beginning to recover from. The losses also gave Bitcoin a very bad name among the general public and government warnings of dangers aggravate the problem. Ex Goldman Sachs executive Yuzo Kano thinks that there is a great deal that can done to rebuild Bitcoin’s reputation while at the same time making it more accessible. Mr. Kano left Goldman Sachs for a rival bank before moving into virtual currencies when he opened Japan’s first Bitcoin exchange since Mt. Gox closed its doors. Kano entered the fray when Bitcoin was selling at US$1,151 only to see the price drop to le...

Full article: http://cointelegraph.com/news/112153/-japanese-banker-see...

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