Japan authorities looking into closure of Mt. Gox bitcoin exchange

[Misesian]

"(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

[hostmaster]

yes somebody at least takesome responsiblity

[darkmule]

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.

[Abdussamad]

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.

[Bitcoinpro]

this story is BS im not even going to bother reading it

[deliciousham]

this story is BS im not even going to bother reading it

what makes you think its BS?

[serje]

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?

[Sheldor333]

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.

[Bitcoinpro]

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 :

[Lethn]

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.

[Misesian]

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.

[darkmule]

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!

[Nagle]

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

With Mt. Gox getting attention at that level, things are going to happen.

[jbrnt]

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

[BADecker]

yes somebody at least takesome responsiblity

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