Title: [2016-05-26] Japan regulates virtual currency after Bitcoin scandal Post by: trinaldao on May 26, 2016, 04:00:43 PM Japan has passed a law regulating virtual currency, after the country found itself at the epicentre of a multi-million dollar embezzlement scandal following the spectacular collapse of the Tokyo-based MtGox Bitcoin exchange.
Once one of the largest, most established exchanges for the cryptocurrency, MtGox collapsed in 2014 after a suspected theft worth nearly half a billion dollars, which hammered the digital currency's reputation. Japanese lawmakers passed a bill late Wednesday stipulating that all "virtual currency" exchanges must be regulated by the country's Financial Services Agency. http://www.globalpost.com/article/6772026/2016/05/26/japan-regulates-virtual-currency-after-bitcoin-scandal |