Bitcoin becomes 100% unregulated in Japan!!!

[n2004al]

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Judge Masumi Kurachi ruled that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law.

This is quite awesome. Set up exchanges, set up payment processors, set up whatever you want with Bitcoin in Japan. It is not covered under the law.

I think that this is not a good choice and good thing for bitcoin. Because in this way bitcoin can be subject of speculation and misuse of it. The best it would be to be regulated and to be under law equally to the other subjects under law. Equally to yen. In this way can be more trust on it even from the simple people.

[zero01]

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Judge Masumi Kurachi ruled that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law.

This is quite awesome. Set up exchanges, set up payment processors, set up whatever you want with Bitcoin in Japan. It is not covered under the law.

I think that this is not a good choice and good thing for bitcoin. Because in this way bitcoin can be subject of speculation and misuse of it. The best it would be to be regulated and to be under law equally to the other subjects under law. Equally to yen. In this way can be more trust on it even from the simple people.

that's right, the same as the previous quote, which states that if there are no rules in using bitcoin, bitcoin can be used for things that are negative, such as drug deals

[edric]

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Judge Masumi Kurachi ruled that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law.

This is quite awesome. Set up exchanges, set up payment processors, set up whatever you want with Bitcoin in Japan. It is not covered under the law.

 I don't know if I would call this a big victory.  This is one judge saying that a bitcoin case won't be recognized by the court.  In my opinion, it's slap in the face to bitcoin.  I don't think it sets any sort of precedent as far as bitcoin businesses being sanctioned by the government.  Perhaps the opposite. 

[onemorexmr]

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Judge Masumi Kurachi ruled that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law.

This is quite awesome. Set up exchanges, set up payment processors, set up whatever you want with Bitcoin in Japan. It is not covered under the law.

 I don't know if I would call this a big victory.  This is one judge saying that a bitcoin case won't be recognized by the court.  In my opinion, it's slap in the face to bitcoin.  I don't think it sets any sort of precedent as far as bitcoin businesses being sanctioned by the government.  Perhaps the opposite. 

imho its what most bitcoiner want: self-responsibility
personally i like that judgement. but you are right in saying that its only one judge.

most countries do have laws which forbid hacking which includes liability for any damage.

[lottery248]

and now, let's see if the bitcoin rises again.
yay we have support from japan!

[JinxCoins]

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

Oh wow this is awesome thank for this information.