Japan Looks At Regulating Bitcoin And Other Digital Currencies

Once the mainstream media picked up the news about the arrest of former Mt. Gox CEO Mark Karpeles, it was only a matter of time until the Japanese got involved with Bitcoin more strictly. If there is one thing Mt. Gox has taught us, it is that regulation up to a certain extent is needed, even though a lot of people perceive it as a “necessary evil”.

Mt. Gox Arrest Putting Things To Rest Once and For AllMt. Gox

The arrest of former Mt. Gox CEO Mark Karpeles is a godsend for the Bitcoin community and affected users of the Bitcoin exchange’s collapse. After more than a year of fleeing from the policy and impending justice, Mr. Karpeles has finally been arrested and is currently awaiting trial for his past transgressions.

Mt. Gox’s downfall brought a lot of negative opinions to Bitcoin because mainstream media considered it as the “Wild West” of finance. Truth be told, without proper regulation and legislation in place all around the world, Bitcoin, and other digital currencies will keep facing uphill battles on their way to gaining mainstream adoption.

With thousands of users affected by the Mt. Gox collapse, and

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