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Topic: [2016-05-26] NDTV: Japan Regulates Virtual Currency After Bitcoin Scandal (Read 336 times)

legendary
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same as my posting Huh
https://bitcointalksearch.org/topic/2016-05-26-japan-regulates-virtual-currency-after-bitcoin-scandal-1486172
i think better you ceck other post before create new thread.

Same article, different source, so not a duplicate. The original apparently was published by Agence France-Presse.
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Post your ann & bounty just contact me
legendary
Activity: 2436
Merit: 1561

Japan Regulates Virtual Currency After Bitcoin Scandal

http://gadgets.ndtv.com/internet/news/japan-regulates-virtual-currency-after-bitcoin-scandal-842010

Quote
Japan has passed a law regulating virtual currency, after the country found itself at the epicentre of a multi-million dollar embezzlement scandal following the spectacular collapse of the Tokyo-based MtGox Bitcoin exchange.

Once one of the largest, most established exchanges for the cryptocurrency, MtGox collapsed in 2014 after a suspected theft worth nearly half a billion dollars, which hammered the digital currency's reputation.

Japanese lawmakers passed a bill late Wednesday stipulating that all "virtual currency" exchanges must be regulated by the country's Financial Services Agency.

The new law defines a virtual currency as something with an "asset-like nature" that can be exchanged for goods and services.
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