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Japan says Bitcoin is not a currency

07
Mar
2014

Over the past 24 hours, a man believed to be the founder of Bitcoin was chased through the streets of Los Angeles, only to deny having any involvement in the project. But the identity of the mysterious Satoshi Nakamoto isnt the only Bitcoin news of the day: Japan has decided that Bitcoin isnt actually a currency. According to The Wall Street Journal, the Japanese government has decided that the virtual currency isnt actually money as far as the countrys regulators are concerned. Japanese authorities began investigating the sudden closure of Mt. Gox early last week, even though Japans financial authorities claimed they didnt have jurisdiction over the matter.

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