The Latest in IT Security

Japan not consider bitcoin as a currency, banking operations: sources

05
Mar
2014

By Noriyuki Hirata TOKYO (Reuters) – Japans government plans to clarify how bitcoin transactions should be handled under existing laws, sources familiar with the situation said on Wednesday, following the collapse of Tokyo-based Mt. Gox, once the worlds biggest exchange of the virtual currency. A decision will be made on the matter at a Friday cabinet meeting, the sources said, although the Japanese government will not consider the bitcoin as a currency, or the subject of principal banking operations or securities transactions. Japans government is still trying to explain the collapse of Mt. Gox and figure out how the company could lose nearly half a billion dollars in bitcoins, Finance Minister Taro Aso said on Tuesday. Mt. Gox filed for bankruptcy protection in Japan on Friday.

Comments are closed.

Categories

MONDAY, OCTOBER 26, 2020
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments