Here's what Tim Cook has to say on cryptocurrencyJust three months after Facebook did just that...
What you need to know
Tim Cook doesn't think a private company should set up cryptocurrency.
Cook has dispelled any potential rumor that Apple might look to compete with Facebook in the market.
He believes that currency should remain in the hands of government.
Tim Cook has expressed his firm views on cryptocurrency, as he continues his European tour this week. Speaking to French newspaper Les Echos and first reported by CNBC, Tim Cook expressed discomfort at the idea of a private company creating a cryptocurrency. According to their report
When asked whether Apple would follow suit, Cook told Les Echos daily newspaper it was not on his agenda.
"No. I really think that a currency should stay in the hands of countries. I'm not comfortable with the idea of a private group setting up a competing currency," he said.
"A private company shouldn't be looking to gain power this way."
The report notes a CNN article from Septe...
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Here's what Tim Cook has to say on cryptocurrency
