Bitcoin operators await regulation in Japan amid push for legitimacy and widespread use
Bitcoin operators are keenly watching the Diet as it deliberates bills to regulate the currency, believing the legislation is key to regaining the public trust’s in the virtual tender and luring more players to the industry.
The bitcoin phenomenon fell under a cloud following the 2014 bankruptcy of Mt. Gox, a bitcoin exchange that claimed $390 million worth of the virtual currency disappeared from its computer system. Users lost their bitcoins and the firm’s CEO, Mark Karpeles, was arrested last year for allegedly falsifying data.
Source: http://www.japantimes.co.jp/news/2016/05/11/business/bitcoin-operators-await-regulation-japan-amid-push-legitimacy-widespread-use/#.VzPpH9J9601
