Burned By Bitcoin Scandal, Japan Is Introducing Controlshttp://fortune.com/2016/05/26/japan-bitcoin-exchanges/Japanese lawmakers have passed legislation requiring virtual currency exchanges to be regulated by the Japanese financial services authority.
The country played host to one of the most prominent bitcoin exchanges, Mt. Gox, which collapsed in 2014 due to lax security and/or fraud—its users are still trying to claw back the millions they lost.
The episode led to a flurry of activity as no-one was quite sure who was responsible, or what the status of bitcoin actually was. At the time, the government said any regulation should be international in nature.
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