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Scoop.it!
Following the implosion of Japanese exchange Mt.Gox, the Japanese government wanted to clarify its stance regarding the cryptocurrency. According to the Wall Street Journal, the government doesn’t consider Bitcoin a currency. Companies and individuals using Bitcoin don’t need to obtain a banking license or comply with regulatory standards. In other words, Japan could have become a Bitcoin haven for companies willing to avoid regulation at all costs. 
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Scoop.it!
A leading Bitcoin exchange completed its weeks-long collapse Friday with a public apology and a bankruptcy filing, fueling calls for regulators to rein in the innovative virtual currency worth billions of dollars.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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