Bitcoin Holders Resigned to Losses as Japan Probes Mt. Gox
Japanese authorities began investigating Mt. Gox, the Tokyo-based Bitcoin exchange that shut down this week, amid calls for regulation of the digital currency as customers face losses.
The Financial Services Agency, Finance Ministry and police are examining the closure of Mt. Gox, Chief Cabinet Secretary Yoshihide Suga said today. Officials from the FSA, the ministry and the Bank of Japan said they didn’t have responsibility for overseeing Bitcoin. Mt. Gox has been subpoenaed by U.S. prosecutors, the Wall Street Journal reported.
Kolin Burges is among the customers who stand to lose their Bitcoins after Mt. Gox went offline amid reports that more than $390 million of the virtual currency may have been stolen. The news triggered renewed calls for more security and consumer protection from U.S. officials, while Democratic Party of Japan lawmaker Tsutomu Okubo called on his government to rectify the lack of regulation.
http://www.bloomberg.com/news/2014-02-26/bitcoin-holders-resigned-to-losses-as-mt-gox-faces-japan-probe.html