Topic: Reporting Mt. Gox to the Japan Financial Services Agency - page 2. (Read 5965 times)

That's the threshold for reporting transactions.. It's actually Y100,000, currently about $1242. That's in addition to having to register as a money transfer service.

+1 (and the US as well don't we have a meltdown going now too?)

Well, Japan seems to have bigger problems than bitcoin these days... Did they fix the leaks in the nuclear reactors?
Maybe MtGox's problem is the lack of reliable power 

i do believe that the 1k/day and 10k/month are limits they place on everyone to avoid regulation- gl with going after them but from what i've read they religiously consult legal advice and it seems they are in good standing.  

on the other side you could be an activist complainer going after someone who was just compromised and is seeking to update their security to avoid further problems (but not fast enough for your liking).  i'll side with them on this one.  is it that shocking that the main market for a currency that only recently became widely accepted by "hackers" is "hacked"?  shocker?!?  omg wtf?  if you didn't see this coming you are R-E-T-A-R-D-E-D.  i just hope that what steps they have taken now prevent further issues.  seriously if you think any of the other "untested" sites like tradehill and 7bitcoins or whatever it is would have been able to avoid the first incident refer to my previous claim (that you are retarded).  

i mean the "crash" wasn't even a hack- it was an "i'll market order gazillions of coins to a different account i have resting bids at .00001 cents at and then instantly transfer them out thereby getting around the 1k/day limit" attempt... and the accounts that were released were (according to mtgox) innactive accounts from an auditor's comp system (not their own).

think about it this way- the "value" you place in anything is really worthless until it is high enough that you've convinced people to try and steal it.  that legitimizes it in my opinion (even though this was by no means a theft in my book).

Nagle, you need to register on the International Registry of Statist Trolls.   

If you don't like Mtgox - don't use em. It's that simple.

Here's the officlal list of "financial instruments firms" registered with the Japan Financial Services Agency as of May 31, 2011. SBI Remit (Japan's equivalent of Western Union Money Transfer) shows up as their parent company, SBI Capital, on page 57, so this is the right place for money transfer firms.

There are also lists of every kind of financial entity in Japan. - banks, insurance companies, etc.

Not finding "Mt. Gox" or "Tibanne" anywhere.

So it looks like they're not registered.

Mt Gox is registered with them already I'm pretty sure.

Wow, talk about argumentum ad hominem.  The OP's original post, while quite charged in implication, was pretty matter-of-fact and to the point.  Just because he posted the address of a government regulatory agency ...

It's probably good for all of us to have numbers to all sorts of agencies, should our ability to self-police not work out.

But, we should try to self-police first I think, no?  Vote with your btc's.  If gox can't get this stuff straightened out, people will eventually move to something better.  Shit, people may just collectively INVENT something better.

I'd love to work with some people on creating something like "Bitcoin Open Exchange" where everything we do is transparent (with the exception of security).  Something like Open Software for btc trading.

look this guy is a loser that runs this shit site. > http://downside.com/
The guy obviously has no life and wants to be a prick just to have something to do.
People like this see something happening that challenges their statist worldview and they get their panties in a bunch. 

Mind your own business, Get lost and bent Nagle!

honestly, no more uninformed rumours please

MtGox confirmed they lost around 1000$ worth of bitcoins

the large 500.000BTC transaction that we all saw right after the hackcrash was due to MtGox moving their wallet to a more secure location

they confirmed that! my account reads correctly and my bitcoins are in place...other people have already withdrawn their BTC no problem

cut the bs please

that won't do shit..
for all you know it could be some teenager running the MtGox server out of his mother's basement... or two 20yr olds running MtGox out of their garage (although not likely in Japan).

I'm not saying Mt. Gox isn't sorely in need of some adult oversight, but what is the likely outcome of a successful complaint? It seems very possible to me that it'd be a big seizure of all computers, encryption keys and bank accounts then turned over to a team of forensic accountants. People with real money deposits would probably get their money back after an extended period, but it seems quite possible everyones BTC would be gone forever or at least held up indefinapermanently.

Serves those people right.  Anyone stupid enough to trade at a shady, completely unregulated exchage deserves to get their money stolen.  Welcome to the real world of no regulation.  It's going to be a rough lesson for a lot of people.

I don't have any money trapped in Mt. Gox. Many of the people who do have a good reason to file a complaint. Especially since Mt. Gox just missed their re-opening deadline yet again.

Something is very, very wrong at Mt. Gox. Millions of dollars may be lost if action isn't taken.

Do it.  It's long overdue.  I'm surprised the Japanese government hasn't cracked down on them already, it's only a matter of time...

reporting anyone... i bet you had no friends in schooltime

Someone needs to be reported to the National Agency of Douchebaggery

If you think they've done something illegal, then go for it. Nobody's going to stop you. Let us know when you give up. It would be my guess that, just be like everyone else who's threatened or suggested that we do some legal or governmental thing to Mt. Gox, you'll quietly do nothing more than complain some more. This is because you realize that suggesting something that you want others to "rise up and do" is completely different than saying you're going to do something yourself and doing it.

If you want something done, it's on you, pal. Lead the way. Ignite the charge. Let us know how it progresses.

Or, you know, do the expected thing to just bitch and moan and then disappear from this thread.

Please, prove me wrong. I'm pretty jaded by attempts like this.

Oh yes, that's exactly what a peep-to-peer cryptocurrency needs. Government regulation!

Stop acting like a