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Bitcoin => Bitcoin Discussion => Topic started by: Misesian on February 26, 2014, 08:38:32 AM



Title: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Misesian on February 26, 2014, 08:38:32 AM
"(Reuters) - Japanese authorities are looking into the abrupt closure of Mt. Gox, the top government spokesman said on Wednesday in Tokyo's first official reaction to the turmoil at what was the world's biggest exchange for bitcoin virtual currency."

http://uk.reuters.com/article/2014/02/26/uk-bitcoin-mtgox-japan-idUKBREA1P04O20140226


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: hostmaster on February 26, 2014, 08:39:23 AM
yes somebody at least takesome responsiblity


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: darkmule on February 26, 2014, 08:41:30 AM
The Magic the Gathering clowns best hope it's the U.S. that takes more interest in prosecuting him.  The Japanese legal system is notoriously slow and inefficient, and it is not unheard of for a case to take five years or more from charges to trial.  I think anyone associated with Gox would also be considered a flight risk.


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Abdussamad on February 26, 2014, 09:08:09 AM
The Magic the Gathering clowns best hope it's the U.S. that takes more interest in prosecuting him.  The Japanese legal system is notoriously slow and inefficient, and it is not unheard of for a case to take five years or more from charges to trial.  I think anyone associated with Gox would also be considered a flight risk.

They also have a higher conviction rate and far less crime than the US. I hear that even the mobsters (yakuza) there are afraid of carrying guns.


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Bitcoinpro on February 26, 2014, 09:12:33 AM
this story is BS im not even going to bother reading it


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: deliciousham on February 26, 2014, 09:58:52 AM
this story is BS im not even going to bother reading it

what makes you think its BS?


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: serje on February 26, 2014, 10:01:06 AM
this story is BS im not even going to bother reading it

what makes you think its BS?

He didn't read it ... I doubt he can answer!


Or this is your strategy to get him reading?:P


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Sheldor333 on February 26, 2014, 10:12:31 AM
Glad to hear they are looking into it. I mean if it was just a regular exchange and not a bitcoin one they would be on it long ago.


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Bitcoinpro on February 26, 2014, 10:37:01 AM
Glad to hear they are looking into it. I mean if it was just a regular exchange and not a bitcoin one they would be on it long ago.

please answer these details for me

Name of Official :

Department :

Authority :

Law or Act :


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Lethn on February 26, 2014, 10:38:40 AM
It's from Reuters, unless this is a fake reuters website this story won't be b.s.

For those who don't know Reuters is actually a pretty reputable news/information group, CNBC use their data a lot when they talk about stocks, unless of course MTGOX somehow managed to bribe them into posting this news story in order to give MTGOX customers false hope.


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Misesian on February 26, 2014, 10:43:34 AM
Glad to hear they are looking into it. I mean if it was just a regular exchange and not a bitcoin one they would be on it long ago.

please answer these details for me

Name of Official :

Department :

Authority :

Law or Act :

"At this stage the relevant financial authorities, the police, the Finance Ministry and others are gathering information on the case," Chief Cabinet Secretary Yoshihide Suga told a regular news conference when asked about Tuesday's shutdown of the Tokyo-based exchange.


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: darkmule on February 26, 2014, 05:39:40 PM
please answer these details for me

Name of Official :

Department :

Authority :

Law or Act :

"At this stage the relevant financial authorities, the police, the Finance Ministry and others are gathering information on the case," Chief Cabinet Secretary Yoshihide Suga told a regular news conference when asked about Tuesday's shutdown of the Tokyo-based exchange.

Which he might have known had he read it!


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: Nagle on February 26, 2014, 05:54:09 PM
please answer these details for me

Name of Official :  Yoshihide Suga
Department : Chief Cabinet Secretary
Authority : Secretary Suga is the 2nd most powerful person in the Government of Japan. "Chief Cabinet Secretary" means that the heads of all the ministries report to him.
Law or Act : Payment Services Act (https://www.zenginkyo.or.jp/en/banks/payment_systems/index/paymentsystems.pdf)
With Mt. Gox getting attention at that level, things are going to happen.


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: jbrnt on February 26, 2014, 06:04:57 PM
I personally think there must be fraud in there somewhere, hopfully someone is going to jail for this. What I fear is that all logs and books have been altered and destroyed


Title: Re: Japan authorities looking into closure of Mt. Gox bitcoin exchange
Post by: BADecker on February 26, 2014, 06:05:04 PM
yes somebody at least takesome responsiblity

If we ALL took some responsibility for our lives, nobody else would have to.

:)